Seneca Foods (NASDAQ:SENEA) Upgraded to “Hold” at BidaskClub

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BidaskClub upgraded shares of Seneca Foods (NASDAQ:SENEA) from a sell rating to a hold rating in a research note issued to investors on Saturday, BidAskClub reports.

Separately, ValuEngine upgraded shares of Seneca Foods from a sell rating to a hold rating in a report on Thursday, April 2nd.

Seneca Foods stock opened at $33.89 on Friday. The firm has a market cap of $301.59 million, a PE ratio of 13.89 and a beta of 0.53. Seneca Foods has a 52-week low of $24.48 and a 52-week high of $41.88. The company has a quick ratio of 0.62, a current ratio of 3.47 and a debt-to-equity ratio of 0.69. The company’s 50 day moving average is $34.23 and its two-hundred day moving average is $36.46.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada acquired a new stake in Seneca Foods during the 1st quarter worth $103,000. BNP Paribas Arbitrage SA raised its stake in Seneca Foods by 13.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,665 shares of the company’s stock worth $106,000 after acquiring an additional 323 shares in the last quarter. Marshall Wace LLP acquired a new stake in Seneca Foods during the 4th quarter worth $167,000. New York State Teachers Retirement System raised its stake in Seneca Foods by 18.0% during the 1st quarter. New York State Teachers Retirement System now owns 4,587 shares of the company’s stock worth $182,000 after acquiring an additional 700 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC purchased a new position in Seneca Foods during the 4th quarter worth $224,000. Hedge funds and other institutional investors own 51.05% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; 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, READ, Green Valley, Cherryman, and Seneca Farms.

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