Seneca Foods (NASDAQ:SENEA) Hits New 12-Month High – Here’s Why

Seneca Foods Co. (NASDAQ:SENEA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $81.00 and last traded at $81.00, with a volume of 2854 shares trading hands. The stock had previously closed at $79.38.

Seneca Foods Stock Performance

The company has a debt-to-equity ratio of 0.73, a current ratio of 2.64 and a quick ratio of 0.33. The stock has a fifty day moving average price of $71.25 and a two-hundred day moving average price of $64.37. The company has a market cap of $546.18 million, a P/E ratio of 13.60 and a beta of 0.29.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of Seneca Foods in the third quarter valued at approximately $118,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Seneca Foods during the 3rd quarter valued at $156,000. Rockbridge Investment Management LCC bought a new stake in shares of Seneca Foods in the 3rd quarter worth $220,000. Bleakley Financial Group LLC acquired a new stake in shares of Seneca Foods in the third quarter valued at $226,000. Finally, Clifford Capital Partners LLC bought a new position in Seneca Foods during the second quarter valued at about $243,000. 42.51% of the stock is 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.