Seneca Foods (SENEA) Lowered to Sell at BidaskClub

BidaskClub downgraded shares of Seneca Foods (NASDAQ:SENEA) from a hold rating to a sell rating in a research note released on Thursday morning.

Separately, TheStreet downgraded shares of Seneca Foods from a c- rating to a d+ rating in a research report on Tuesday, February 26th.

NASDAQ:SENEA traded up $0.56 during trading hours on Thursday, reaching $24.70. 20,154 shares of the stock were exchanged, compared to its average volume of 18,282. The company has a quick ratio of 0.29, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. Seneca Foods has a twelve month low of $23.87 and a twelve month high of $35.90.

Seneca Foods (NASDAQ:SENEA) last posted its earnings results on Friday, February 1st. The company reported ($2.07) earnings per share (EPS) for the quarter. Seneca Foods had a negative return on equity of 10.43% and a net margin of 0.02%. The firm had revenue of $372.24 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in SENEA. BlackRock Inc. increased its holdings in shares of Seneca Foods by 2.4% during the 4th quarter. BlackRock Inc. now owns 1,081,143 shares of the company’s stock worth $30,509,000 after buying an additional 24,868 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Seneca Foods by 1.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 660,274 shares of the company’s stock worth $22,251,000 after buying an additional 6,371 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Seneca Foods by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 611,983 shares of the company’s stock worth $20,624,000 after buying an additional 22,874 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Seneca Foods by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 611,983 shares of the company’s stock worth $20,624,000 after buying an additional 22,874 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Seneca Foods by 3.8% during the 4th quarter. Northern Trust Corp now owns 91,279 shares of the company’s stock worth $2,576,000 after buying an additional 3,319 shares during the last quarter. Institutional investors own 48.44% of the company’s stock.

About Seneca Foods

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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