Seneca Foods (NASDAQ:SENEA) Downgraded to Buy at BidaskClub

BidaskClub lowered shares of Seneca Foods (NASDAQ:SENEA) from a strong-buy rating to a buy rating in a report released on Wednesday, BidAskClub reports.

Separately, TheStreet raised shares of Seneca Foods from a d+ rating to a c- rating in a research report on Monday, October 28th.

Shares of SENEA stock traded up $0.05 during trading on Wednesday, reaching $35.30. The company’s stock had a trading volume of 15,300 shares, compared to its average volume of 18,091. The business has a fifty day moving average price of $33.00 and a 200-day moving average price of $28.38. Seneca Foods has a one year low of $21.97 and a one year high of $36.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.66 and a current ratio of 3.91.

Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $264.93 million for the quarter. Seneca Foods had a net margin of 1.28% and a negative return on equity of 6.09%.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Seneca Foods by 0.6% in the second quarter. BlackRock Inc. now owns 1,053,688 shares of the company’s stock valued at $29,324,000 after acquiring an additional 6,536 shares in the last quarter. Invesco Ltd. grew its stake in Seneca Foods by 59.1% during the second quarter. Invesco Ltd. now owns 143,264 shares of the company’s stock worth $3,987,000 after buying an additional 53,198 shares in the last quarter. Northern Trust Corp grew its stake in Seneca Foods by 2.5% during the second quarter. Northern Trust Corp now owns 95,635 shares of the company’s stock worth $2,661,000 after buying an additional 2,323 shares in the last quarter. Shufro Rose & Co. LLC grew its stake in Seneca Foods by 36.3% during the second quarter. Shufro Rose & Co. LLC now owns 55,000 shares of the company’s stock worth $1,531,000 after buying an additional 14,650 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Seneca Foods by 5.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 42,086 shares of the company’s stock worth $1,172,000 after buying an additional 2,054 shares in the last quarter. Institutional investors and hedge funds own 49.19% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; 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, READ, Green Valley, Cherryman, and Seneca Farms.

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