Seneca Foods (NASDAQ:SENEA) Sets New 1-Year High – Here’s Why

Seneca Foods Co. (NASDAQ:SENEA)’s stock price hit a new 52-week high on Thursday . The company traded as high as $72.88 and last traded at $72.88, with a volume of 6574 shares. The stock had previously closed at $69.96.

Seneca Foods Stock Performance

The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.33 and a current ratio of 2.64. The company has a market cap of $502.83 million, a P/E ratio of 12.52 and a beta of 0.26. The firm has a 50 day moving average price of $64.00 and a 200-day moving average price of $61.26.

Institutional Trading of Seneca Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Close LLC acquired a new stake in Seneca Foods during the second quarter worth $2,014,000. Marshall Wace LLP raised its stake in shares of Seneca Foods by 42.3% in the second quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock valued at $2,651,000 after acquiring an additional 13,725 shares during the last quarter. Jane Street Group LLC increased its holdings in Seneca Foods by 156.7% during the 3rd 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. Janney Montgomery Scott LLC grew its holdings in shares of Seneca Foods by 199.4% during the third quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock worth $837,000 after purchasing an additional 8,938 shares during the last quarter. Finally, Clifford Capital Partners LLC grew its stake in shares of Seneca Foods by 160.3% during the third quarter. Clifford Capital Partners LLC now owns 11,002 shares of the company’s stock valued at $686,000 after purchasing an additional 6,776 shares during the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

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.