Seneca Foods (NASDAQ:SENEA) Stock Price Down 1.8% – What’s Next?

Seneca Foods Co. (NASDAQ:SENEA) fell 1.8% on Friday . The stock traded as low as $84.22 and last traded at $83.98. 1,452 shares traded hands during trading, a decline of 92% from the average session volume of 17,561 shares. The stock had previously closed at $85.49.

Seneca Foods Trading Down 1.0 %

The company has a quick ratio of 0.36, a current ratio of 3.38 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $78.15 and a two-hundred day moving average of $71.07. The stock has a market capitalization of $582.32 million, a price-to-earnings ratio of 15.45 and a beta of 0.16.

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

Institutional Investors Weigh In On Seneca Foods

Several hedge funds have recently modified their holdings of SENEA. Envestnet Asset Management Inc. raised its position in Seneca Foods by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,578 shares of the company’s stock worth $442,000 after acquiring an additional 129 shares in the last quarter. Bleakley Financial Group LLC raised its position in Seneca Foods by 4.1% in the fourth quarter. Bleakley Financial Group LLC now owns 3,778 shares of the company’s stock worth $299,000 after acquiring an additional 148 shares in the last quarter. SG Americas Securities LLC raised its position in Seneca Foods by 8.7% in the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock worth $163,000 after acquiring an additional 165 shares in the last quarter. Anchor Capital Advisors LLC raised its position in Seneca Foods by 1.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 24,036 shares of the company’s stock worth $1,905,000 after acquiring an additional 293 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Seneca Foods by 73.6% in the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after acquiring an additional 309 shares in the last quarter. 42.51% of the stock is owned by institutional investors and hedge funds.

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.