Seneca Foods (NASDAQ:SENEA) Stock Rating Upgraded by Freedom Capital

Seneca Foods (NASDAQ:SENEA) was upgraded by stock analysts at Freedom Capital to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Seneca Foods in a research report on Friday, April 24th. Wall Street Zen downgraded Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, Seneca Foods has an average rating of “Strong Buy”.

Seneca Foods Stock Performance

Shares of SENEA stock opened at $140.45 on Wednesday. The company has a market capitalization of $950.43 million, a P/E ratio of 10.80 and a beta of -0.03. The business’s 50 day moving average is $145.52 and its two-hundred day moving average is $128.40. The company has a current ratio of 4.34, a quick ratio of 0.72 and a debt-to-equity ratio of 0.37. Seneca Foods has a 12-month low of $85.20 and a 12-month high of $167.51.

Hedge Funds Weigh In On Seneca Foods

Hedge funds and other institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Seneca Foods in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC purchased a new position in shares of Seneca Foods in the second quarter valued at approximately $36,000. Public Employees Retirement System of Ohio purchased a new position in shares of Seneca Foods in the first quarter valued at approximately $54,000. Quarry LP purchased a new position in shares of Seneca Foods in the third quarter valued at approximately $57,000. Finally, Employees Retirement System of Texas purchased a new position in shares of Seneca Foods in the third quarter valued at approximately $64,000. Hedge funds and other institutional investors own 42.51% of the company’s stock.

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.