Seneca Foods (NASDAQ:SENEA) Sees Unusually-High Trading Volume – Should You Buy?

Seneca Foods Co. (NASDAQ:SENEA) saw unusually-high trading volume on Monday . Approximately 13,831 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 12,182 shares.The stock last traded at $74.07 and had previously closed at $74.55.

Seneca Foods Stock Up 3.6 %

The company has a market capitalization of $547.96 million, a price-to-earnings ratio of 14.51 and a beta of 0.25. The firm’s 50 day simple moving average is $75.31 and its 200-day simple moving average is $67.41. The company has a current ratio of 2.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $3.29 EPS for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp grew its holdings in shares of Seneca Foods by 73.6% in the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after acquiring an additional 309 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Seneca Foods during the 4th quarter valued at about $87,000. SG Americas Securities LLC acquired a new position in Seneca Foods during the third quarter worth about $118,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Seneca Foods in the third quarter valued at approximately $156,000. Finally, Rockbridge Investment Management LCC purchased a new position in shares of Seneca Foods during the 3rd quarter worth approximately $220,000. 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.