Seneca Foods (NASDAQ:SENEA) Trading Down 2.4% – What’s Next?

Seneca Foods Co. (NASDAQ:SENEA) traded down 2.4% during mid-day trading on Monday . The company traded as low as $86.52 and last traded at $85.76. 4,879 shares were traded during mid-day trading, a decline of 76% from the average session volume of 20,345 shares. The stock had previously closed at $87.85.

Seneca Foods Trading Up 1.0 %

The company has a market cap of $601.17 million, a P/E ratio of 15.95 and a beta of 0.16. The firm’s 50 day moving average is $79.89 and its two-hundred day moving average is $72.46. The company has a quick ratio of 0.36, a current ratio of 3.38 and a debt-to-equity ratio of 0.53.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Seneca Foods in the 3rd quarter valued at about $380,000. BNP Paribas Financial Markets increased its holdings in Seneca Foods by 88.0% in the third quarter. BNP Paribas Financial Markets now owns 5,137 shares of the company’s stock worth $320,000 after purchasing an additional 2,404 shares in the last quarter. Clifford Capital Partners LLC increased its holdings in Seneca Foods by 160.3% in the third quarter. Clifford Capital Partners LLC now owns 11,002 shares of the company’s stock worth $686,000 after purchasing an additional 6,776 shares in the last quarter. PDT Partners LLC acquired a new position in Seneca Foods in the third quarter valued at approximately $388,000. Finally, Jane Street Group LLC boosted its holdings 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 worth $999,000 after buying an additional 9,787 shares in 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.