Seneca Foods (NASDAQ:SENEA) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEA)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $63.74 and traded as high as $79.14. Seneca Foods shares last traded at $79.00, with a volume of 12,452 shares trading hands.

Seneca Foods Trading Up 1.4 %

The company has a current ratio of 2.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average is $69.91 and its 200 day moving average is $63.74. The firm has a market capitalization of $544.39 million, a price-to-earnings ratio of 13.55 and a beta of 0.29.

Hedge Funds Weigh In On Seneca Foods

A number of institutional investors and hedge funds have recently modified their holdings of SENEA. JPMorgan Chase & Co. raised its stake in Seneca Foods by 92.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,390 shares of the company’s stock worth $1,271,000 after buying an additional 9,783 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Seneca Foods during the third quarter valued at approximately $156,000. Barclays PLC raised its position in shares of Seneca Foods by 311.3% during the third quarter. Barclays PLC now owns 7,222 shares of the company’s stock worth $450,000 after purchasing an additional 5,466 shares during the period. Jane Street Group LLC lifted its holdings in shares of Seneca Foods by 156.7% in the 3rd quarter. Jane Street Group LLC now owns 16,034 shares of the company’s stock worth $999,000 after purchasing an additional 9,787 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in Seneca Foods in the 3rd quarter valued at $388,000. 42.51% of the stock is currently owned by institutional investors.

About Seneca Foods

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.