Seneca Foods (NASDAQ:SENEA) Sets New 12-Month High – Time to Buy?

Seneca Foods Corp. (NASDAQ:SENEA) shares hit a new 52-week high on Monday . The company traded as high as $155.15 and last traded at $148.7910, with a volume of 2641 shares. The stock had previously closed at $147.35.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SENEA shares. Wall Street Zen lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Seneca Foods Trading Down 1.3%

The stock has a market cap of $1.01 billion, a PE ratio of 11.53 and a beta of 0.02. The company has a quick ratio of 0.72, a current ratio of 4.34 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average price is $131.46 and its 200 day moving average price is $119.46.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $6.48 earnings per share for the quarter. Seneca Foods had a net margin of 5.58% and a return on equity of 12.30%. The company had revenue of $508.35 million during the quarter.

Institutional Investors Weigh In On Seneca Foods

Several institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in Seneca Foods in the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC bought a new position in Seneca Foods during the 2nd quarter valued at about $36,000. CWM LLC boosted its holdings in shares of Seneca Foods by 75.9% during the 3rd quarter. CWM LLC now owns 475 shares of the company’s stock valued at $51,000 after acquiring an additional 205 shares during the last quarter. Quarry LP bought a new stake in shares of Seneca Foods in the third quarter worth approximately $57,000. Finally, Employees Retirement System of Texas bought a new stake in shares of Seneca Foods in the third quarter worth approximately $64,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

Seneca Foods Company Profile

Seneca Foods Corporation is a leading producer and distributor of shelf-stable fruits, vegetables and fruit‐based products. The company’s core activities include the processing, packaging and sale of canned fruits and vegetables, natural fruit juices, apple sauces and fruit‐based snacks. Seneca Foods caters to both retail and foodservice markets, supplying national and international grocers, restaurant chains and food manufacturers with branded and private‐label products.

Seneca Foods operates a network of manufacturing facilities and cold storage warehouses across North America, with key processing plants in New York, Michigan, California and Canada.