Seneca Foods (NASDAQ:SENEA) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Seneca Foods Co. (NASDAQ:SENEA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $65.42 and traded as high as $72.85. Seneca Foods shares last traded at $72.41, with a volume of 10,355 shares traded.

Seneca Foods Trading Up 0.2 %

The business’s 50-day simple moving average is $73.53 and its two-hundred day simple moving average is $65.53. The company has a quick ratio of 0.33, a current ratio of 2.64 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $503.25 million, a price-to-earnings ratio of 12.53 and a beta of 0.27.

Institutional Investors Weigh In On Seneca Foods

Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in Seneca Foods by 199.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock valued at $837,000 after acquiring an additional 8,938 shares during the period. Jane Street Group LLC grew its holdings in shares of Seneca Foods by 156.7% in the third quarter. Jane Street Group LLC now owns 16,034 shares of the company’s stock valued at $999,000 after purchasing an additional 9,787 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Seneca Foods by 39.3% in the second quarter. AQR Capital Management LLC now owns 14,094 shares of the company’s stock valued at $809,000 after purchasing an additional 3,973 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Seneca Foods during the 3rd quarter worth approximately $380,000. Finally, Marshall Wace LLP lifted its holdings in Seneca Foods by 42.3% during the 2nd quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock worth $2,651,000 after buying an additional 13,725 shares in the last quarter. Hedge funds and other institutional investors own 42.51% of the company’s stock.

About Seneca Foods

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.