Seneca Foods (NASDAQ:SENEA) Stock Price Down 3% - Here's Why

Seneca Foods Co. (NASDAQ:SENEA - Get Free Report) traded down 3% during trading on Wednesday . The stock traded as low as $87.64 and last traded at $87.25. 9,852 shares changed hands during trading, a decline of 55% from the average session volume of 21,723 shares. The stock had previously closed at $89.95.

Seneca Foods Stock Performance

The stock has a market capitalization of $572.55 million, a price-to-earnings ratio of 15.19 and a beta of 0.26. The company has a quick ratio of 0.36, a current ratio of 3.38 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average of $82.30 and a 200-day moving average of $74.00.

Seneca Foods (NASDAQ:SENEA - Get Free Report) last announced 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

Large investors have recently made changes to their positions in the business. Edge Capital Group LLC acquired a new position in Seneca Foods in the 4th quarter worth $5,919,000. Peapod Lane Capital LLC acquired a new stake in Seneca Foods during the 4th quarter valued at approximately $4,627,000. Royce & Associates LP increased its holdings in Seneca Foods by 17.4% during the 4th quarter. Royce & Associates LP now owns 300,363 shares of the company's stock worth $23,807,000 after purchasing an additional 44,462 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Seneca Foods by 12,377.1% during the 1st quarter. GAMMA Investing LLC now owns 19,589 shares of the company's stock valued at $1,744,000 after buying an additional 19,432 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Seneca Foods by 171.8% during the fourth quarter. American Century Companies Inc. now owns 27,124 shares of the company's stock worth $2,150,000 after buying an additional 17,145 shares in the last quarter. Institutional investors and hedge funds 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.