Seneca Foods (SENEA) Upgraded to Strong-Buy by BidaskClub

Seneca Foods (NASDAQ:SENEA) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.

Separately, TheStreet upgraded shares of Seneca Foods from a “d+” rating to a “c-” rating in a research report on Wednesday, September 12th.

SENEA stock opened at $34.25 on Thursday. Seneca Foods has a one year low of $25.45 and a one year high of $35.90. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.61 and a current ratio of 3.77.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Seneca Foods by 6.5% in the third quarter. BlackRock Inc. now owns 1,056,275 shares of the company’s stock worth $35,595,000 after purchasing an additional 64,767 shares during the last quarter. Bank of New York Mellon Corp increased its position in Seneca Foods by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 77,188 shares of the company’s stock valued at $2,601,000 after acquiring an additional 1,634 shares during the last quarter. Alliancebernstein L.P. bought a new position in Seneca Foods during the third quarter valued at $239,000. Comerica Bank bought a new position in Seneca Foods during the third quarter valued at $203,000. Finally, First Manhattan Co. increased its position in Seneca Foods by 43,500.0% during the third quarter. First Manhattan Co. now owns 8,720 shares of the company’s stock valued at $293,000 after acquiring an additional 8,700 shares during the last quarter. Institutional investors own 54.63% 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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