Seneca Foods (NASDAQ:SENEA) Stock Price Down 1.8% – Time to Sell?

Shares of Seneca Foods Co. (NASDAQ:SENEA) dropped 1.8% during mid-day trading on Friday . The stock traded as low as $84.22 and last traded at $83.98. Approximately 1,452 shares changed hands during trading, a decline of 92% from the average daily volume of 17,561 shares. The stock had previously closed at $85.49.

Seneca Foods Stock Down 1.1 %

The company has a market cap of $581.75 million, a price-to-earnings ratio of 15.37 and a beta of 0.16. 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 business has a fifty day moving average of $77.88 and a two-hundred day moving average of $70.72.

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 return on equity of 9.71% and a net margin of 2.49%.

Hedge Funds Weigh In On Seneca Foods

Hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Seneca Foods during the 4th quarter worth $54,000. Van ECK Associates Corp lifted its stake in Seneca Foods by 73.6% during the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock worth $58,000 after purchasing an additional 309 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Seneca Foods during the 4th quarter worth about $87,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Seneca Foods in the 3rd quarter valued at about $156,000. Finally, SG Americas Securities LLC raised its position in shares of Seneca Foods by 8.7% during the 4th quarter. SG Americas Securities LLC now owns 2,054 shares of the company’s stock worth $163,000 after acquiring an additional 165 shares in the last quarter. 42.51% of the stock is owned by hedge funds and other 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.