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Seneca Foods (NASDAQ:SENEA) Share Price Crosses Above 200 Day Moving Average - Here's Why

Seneca Foods logo with Consumer Staples background

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $65.42 and traded as high as $72.85. Seneca Foods shares last traded at $72.41, with a volume of 10,355 shares.

Seneca Foods Stock Performance

The company has a quick ratio of 0.33, a current ratio of 2.64 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $502.08 million, a P/E ratio of 12.50 and a beta of 0.27. The company's 50 day moving average is $73.36 and its 200-day moving average is $65.42.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP lifted its position in shares of Seneca Foods by 2.3% during the 3rd quarter. Royce & Associates LP now owns 255,901 shares of the company's stock valued at $15,950,000 after buying an additional 5,767 shares during the last quarter. Marshall Wace LLP raised its position in shares of Seneca Foods by 42.3% in the second quarter. Marshall Wace LLP now owns 46,186 shares of the company's stock valued at $2,651,000 after purchasing an additional 13,725 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Seneca Foods by 3.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,294 shares of the company's stock valued at $1,567,000 after buying an additional 1,013 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Seneca Foods by 92.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 20,390 shares of the company's stock worth $1,271,000 after buying an additional 9,783 shares during the period. Finally, Pullen Investment Management LLC grew its stake in Seneca Foods by 16.2% in the 3rd quarter. Pullen Investment Management LLC now owns 19,132 shares of the company's stock valued at $1,192,000 after buying an additional 2,671 shares in the last quarter. Hedge funds and other institutional investors own 42.51% of the company's stock.

About Seneca Foods

(Get Free Report)

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.

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