Seneca Foods (NASDAQ:SENEA) Stock Price Down 2.4% – Here’s Why

Seneca Foods Co. (NASDAQ:SENEA)’s stock price dropped 2.4% on Monday . The company traded as low as $86.52 and last traded at $85.76. Approximately 4,879 shares traded hands during trading, a decline of 76% from the average daily volume of 20,345 shares. The stock had previously closed at $87.85.

Seneca Foods Trading Up 1.0 %

The business has a fifty day moving average of $79.89 and a 200-day moving average of $72.46. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.36 and a current ratio of 3.38. The company has a market capitalization of $601.17 million, a P/E ratio of 15.95 and a beta of 0.16.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings data on Thursday, February 6th. The company reported $3.29 earnings per share for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Hedge Funds Weigh In On Seneca Foods

A number of hedge funds have recently added to or reduced their stakes in SENEA. Edge Capital Group LLC bought a new stake in shares of Seneca Foods in the 4th quarter worth $5,919,000. Peapod Lane Capital LLC bought a new stake in Seneca Foods in the 4th quarter worth about $4,627,000. Royce & Associates LP increased its stake in Seneca Foods by 17.4% in the 4th quarter. Royce & Associates LP now owns 300,363 shares of the company’s stock valued at $23,807,000 after buying an additional 44,462 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Seneca Foods by 171.8% during the 4th quarter. American Century Companies Inc. now owns 27,124 shares of the company’s stock worth $2,150,000 after buying an additional 17,145 shares in the last quarter. Finally, Money Concepts Capital Corp lifted its position in shares of Seneca Foods by 82.7% during the 4th quarter. Money Concepts Capital Corp now owns 29,442 shares of the company’s stock worth $2,334,000 after buying an additional 13,327 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ.