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Seneca Foods (NASDAQ:SENEA) Stock 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 Thursday . The stock has a 200-day moving average of $63.74 and traded as high as $79.14. Seneca Foods shares last traded at $79.00, with a volume of 12,452 shares.

Seneca Foods Price Performance

The stock has a market capitalization of $540.05 million, a PE ratio of 13.44 and a beta of 0.29. The business's 50-day moving average price is $70.20 and its 200 day moving average price is $63.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.33 and a current ratio of 2.64.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Seneca Foods by 92.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,390 shares of the company's stock valued at $1,271,000 after acquiring an additional 9,783 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Seneca Foods during the 3rd quarter valued at about $156,000. Barclays PLC grew its stake in shares of Seneca Foods by 311.3% in the third quarter. Barclays PLC now owns 7,222 shares of the company's stock worth $450,000 after acquiring an additional 5,466 shares during the period. Jane Street Group LLC raised its holdings in shares of Seneca Foods by 156.7% during the third quarter. Jane Street Group LLC now owns 16,034 shares of the company's stock valued at $999,000 after purchasing an additional 9,787 shares during the last quarter. Finally, PDT Partners LLC bought a new position in Seneca Foods during the third quarter valued at approximately $388,000. 42.51% of the stock is owned by hedge funds and other institutional investors.

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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