Seneca Foods (NASDAQ:SENEA) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Seneca Foods (NASDAQ:SENEA – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the stock.

Seneca Foods Stock Performance

Shares of SENEA opened at $51.53 on Thursday. Seneca Foods has a one year low of $46.61 and a one year high of $68.74. The company has a 50-day simple moving average of $58.35 and a two-hundred day simple moving average of $58.68. The firm has a market capitalization of $391.63 million, a PE ratio of 8.37 and a beta of 0.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.62 and a quick ratio of 0.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dorsey Wright & Associates purchased a new stake in shares of Seneca Foods in the 4th quarter worth approximately $27,000. Wipfli Financial Advisors LLC acquired a new position in Seneca Foods during the 3rd quarter valued at approximately $30,000. Van ECK Associates Corp acquired a new stake in shares of Seneca Foods in the fourth quarter worth $32,000. US Bancorp DE boosted its holdings in Seneca Foods by 2,368.9% during the third quarter. US Bancorp DE now owns 1,111 shares of the company’s stock worth $56,000 after buying an additional 1,066 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in Seneca Foods during the fourth quarter worth $62,000. Hedge funds and other institutional investors own 55.92% of the company’s stock.

Seneca Foods Company Profile

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Seneca Foods Corp. engages in the processing and sale of packaged fruits and vegetables. The company offers canned, frozen and bottled produce, and snack chips products. It operates through the following segments: Packaging and Sale of Fruits and Vegetables, Packaging and Sale of Prepared Food Products, Sale of Snack Products, and Other Products.