Seneca Foods (NASDAQ:SENEA) Shares Cross Above 200-Day Moving Average - Here's What Happened

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $66.80 and traded as high as $73.00. Seneca Foods shares last traded at $72.27, with a volume of 8,906 shares.

Seneca Foods Price Performance

The firm has a market cap of $509.86 million, a PE ratio of 12.69 and a beta of 0.25. The firm has a 50-day simple moving average of $75.10 and a 200 day simple moving average of $67.09. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.64 and a quick ratio of 0.33.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 10.43% and a net margin of 2.79%.

Institutional Trading of Seneca Foods

Large investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of Seneca Foods by 73.6% in the fourth quarter. Van ECK Associates Corp now owns 729 shares of the company's stock valued at $58,000 after acquiring an additional 309 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Seneca Foods during the third quarter valued at about $118,000. Wilmington Savings Fund Society FSB purchased a new position in Seneca Foods during the 3rd quarter valued at approximately $156,000. Rockbridge Investment Management LCC bought a new stake in Seneca Foods in the third quarter worth $220,000. Finally, Metis Global Partners LLC purchased a new stake in shares of Seneca Foods during the 4th quarter valued at about $222,000. Institutional investors 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.