Seneca Foods (NASDAQ:SENEA) Stock Price Up 4.5% – What’s Next?

Shares of Seneca Foods Co. (NASDAQ:SENEA) rose 4.5% on Friday . The stock traded as high as $78.06 and last traded at $77.90. Approximately 12,220 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 28,644 shares. The stock had previously closed at $74.56.

Seneca Foods Stock Performance

The business has a fifty day moving average price of $67.30 and a 200-day moving average price of $62.62. The stock has a market capitalization of $555.21 million, a P/E ratio of 13.82 and a beta of 0.29. The company has a quick ratio of 0.33, a current ratio of 2.64 and a debt-to-equity ratio of 0.73.

Hedge Funds Weigh In On Seneca Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in Seneca Foods by 199.4% during the third quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock valued at $837,000 after buying an additional 8,938 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Seneca Foods by 39.3% in the 2nd quarter. AQR Capital Management LLC now owns 14,094 shares of the company’s stock worth $809,000 after purchasing an additional 3,973 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Seneca Foods in the 3rd quarter worth $380,000. Marshall Wace LLP lifted its position in Seneca Foods by 42.3% during the second quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock valued at $2,651,000 after purchasing an additional 13,725 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Seneca Foods during the second quarter valued at about $268,000. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

Seneca Foods Company Profile

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.