Seneca Foods (NASDAQ:SENEA) Shares Down 2.4% – Should You Sell?

Seneca Foods Co. (NASDAQ:SENEA) shares were down 2.4% during trading on Monday . The stock traded as low as $86.52 and last traded at $85.76. Approximately 4,879 shares were traded during mid-day 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 Down 3.4 %

The stock’s fifty day moving average price is $79.32 and its 200 day moving average price is $72.08. The stock has a market cap of $583.91 million, a P/E ratio of 15.49 and a beta of 0.16. The company has a current ratio of 3.38, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53.

Seneca Foods (NASDAQ:SENEA) last announced 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 bought and sold shares of SENEA. Lazard Asset Management LLC bought a new stake in Seneca Foods in the 4th quarter worth approximately $54,000. Van ECK Associates Corp lifted its position in shares of Seneca Foods by 73.6% during the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock valued at $58,000 after buying an additional 309 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Seneca Foods in the 4th quarter worth approximately $87,000. Wilmington Savings Fund Society FSB bought a new stake in Seneca Foods during the 3rd quarter worth approximately $156,000. Finally, SG Americas Securities LLC lifted its holdings in Seneca Foods by 8.7% during the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock valued at $163,000 after purchasing an additional 165 shares in the last quarter. Institutional investors 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.