A number of other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Seneca Foods from a sell rating to a strong sell rating in a research note on Wednesday, July 18th. ValuEngine upgraded shares of Seneca Foods from a sell rating to a hold rating in a research note on Thursday, July 5th.
Seneca Foods stock traded up $0.28 during mid-day trading on Wednesday, reaching $32.11. The company had a trading volume of 8,700 shares, compared to its average volume of 20,805. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.77 and a quick ratio of 0.61. Seneca Foods has a 52 week low of $25.45 and a 52 week high of $36.60.
Seneca Foods (NASDAQ:SENEA) last issued its quarterly earnings results on Tuesday, July 31st. The company reported ($1.27) earnings per share for the quarter. Seneca Foods had a negative net margin of 1.16% and a negative return on equity of 1.46%. The company had revenue of $342.39 million during the quarter.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Seneca Foods during the 1st quarter worth about $107,000. Municipal Employees Retirement System of Michigan grew its holdings in Seneca Foods by 95.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,030 shares of the company’s stock worth $136,000 after acquiring an additional 2,450 shares during the last quarter. Marquette Asset Management LLC bought a new stake in Seneca Foods during the 2nd quarter worth about $228,000. California Public Employees Retirement System grew its holdings in Seneca Foods by 20.8% during the 2nd quarter. California Public Employees Retirement System now owns 11,717 shares of the company’s stock worth $316,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Strs Ohio grew its holdings in Seneca Foods by 9.9% during the 2nd quarter. Strs Ohio now owns 19,900 shares of the company’s stock worth $537,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors and hedge funds own 55.19% of the company’s stock.
About Seneca Foods
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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