Seneca Foods (NASDAQ:SENEA) Sets New 52-Week High – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEA)’s share price hit a new 52-week high on Tuesday . The company traded as high as $81.45 and last traded at $80.76, with a volume of 1411 shares changing hands. The stock had previously closed at $81.05.

Seneca Foods Trading Down 0.7 %

The company has a market cap of $547.44 million, a P/E ratio of 14.52 and a beta of 0.25. The stock’s 50-day moving average is $76.13 and its two-hundred day moving average is $68.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.38 and a quick ratio of 0.36.

Seneca Foods (NASDAQ:SENEA) last released its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share for the quarter. Seneca Foods had a net margin of 2.49% and a return on equity of 9.71%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its position in shares of 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 purchasing an additional 8,938 shares during the period. Barclays PLC raised its position in shares of Seneca Foods by 311.3% during the 3rd quarter. Barclays PLC now owns 7,222 shares of the company’s stock valued at $450,000 after purchasing an additional 5,466 shares during the period. Jane Street Group LLC raised its position in shares of 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 during the period. Savant Capital LLC bought a new stake in shares of Seneca Foods during the 4th quarter valued at $291,000. Finally, JPMorgan Chase & Co. raised its position in shares of Seneca Foods by 92.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,390 shares of the company’s stock valued at $1,271,000 after purchasing an additional 9,783 shares during the period. 42.51% of the stock is currently owned by 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.