Seneca Foods (NASDAQ:SENEA) Stock Price Down 3% – What’s Next?

Seneca Foods Co. (NASDAQ:SENEA) dropped 3% on Wednesday . The stock traded as low as $87.64 and last traded at $87.25. Approximately 9,852 shares were traded during trading, a decline of 55% from the average daily volume of 21,723 shares. The stock had previously closed at $89.95.

Seneca Foods Trading Down 3.1 %

The business has a 50 day simple moving average of $81.46 and a 200-day simple moving average of $73.47. The company has a current ratio of 3.38, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $599.59 million, a price-to-earnings ratio of 15.90 and a beta of 0.16.

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

Institutional Trading of Seneca Foods

Several large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of Seneca Foods by 311.3% in the 3rd quarter. Barclays PLC now owns 7,222 shares of the company’s stock worth $450,000 after acquiring an additional 5,466 shares during the last quarter. Savant Capital LLC acquired a new position in shares of Seneca Foods in the fourth quarter worth about $291,000. Edge Capital Group LLC purchased a new stake in shares of Seneca Foods in the fourth quarter valued at $5,919,000. Empowered Funds LLC raised its stake in shares of Seneca Foods by 181.5% during the 4th quarter. Empowered Funds LLC now owns 9,651 shares of the company’s stock worth $765,000 after purchasing an additional 6,223 shares in the last quarter. Finally, Jane Street Group LLC increased its stake 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 purchasing an additional 9,787 shares during the last quarter. 42.51% of the stock is currently owned by institutional investors and hedge funds.

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.