Seneca Foods (NASDAQ:SENEA) Reaches New 52-Week High - Here's Why

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $82.14 and last traded at $82.59, with a volume of 22128 shares traded. The stock had previously closed at $80.22.

Seneca Foods Stock Down 0.1 %

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 firm has a market capitalization of $554.39 million, a price-to-earnings ratio of 14.72 and a beta of 0.25. The firm has a 50 day moving average price of $76.50 and a two-hundred day moving average price of $69.08.

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

Institutional Investors Weigh In On Seneca Foods

A number of large investors have recently modified their holdings of the stock. Lazard Asset Management LLC acquired a new position in Seneca Foods in the 4th quarter worth $54,000. Van ECK Associates Corp increased its position in shares of 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 acquiring an additional 309 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Seneca Foods in the fourth quarter worth about $87,000. SG Americas Securities LLC boosted its holdings in Seneca Foods by 8.7% in the fourth quarter. SG Americas Securities LLC now owns 2,054 shares of the company's stock valued at $163,000 after purchasing an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Seneca Foods during the 3rd quarter valued at approximately $156,000. Institutional investors and hedge funds own 42.51% of the company's stock.

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.