Seneca Foods Corp (NASDAQ:SENEA) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 113,700 shares, a growth of 10.5% from the June 30th total of 102,900 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 19,800 shares, the short-interest ratio is currently 5.7 days.
Shares of NASDAQ SENEA traded up $0.08 during trading hours on Thursday, reaching $25.50. The stock had a trading volume of 7,000 shares, compared to its average volume of 18,736. The company has a quick ratio of 0.66, a current ratio of 3.91 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average price is $28.60 and its two-hundred day moving average price is $26.65. Seneca Foods has a 52-week low of $21.97 and a 52-week high of $35.90.
Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings results on Thursday, June 13th. The company reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $262.59 million during the quarter. Seneca Foods had a net margin of 1.28% and a negative return on equity of 6.09%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pennsylvania Trust Co purchased a new stake in Seneca Foods during the first quarter worth $564,000. Brandes Investment Partners LP lifted its holdings in Seneca Foods by 63.9% during the first quarter. Brandes Investment Partners LP now owns 44,948 shares of the company’s stock worth $1,106,000 after buying an additional 17,516 shares during the period. Metropolitan Life Insurance Co. NY purchased a new stake in Seneca Foods during the fourth quarter worth $74,000. Geode Capital Management LLC lifted its holdings in Seneca Foods by 5.8% during the fourth quarter. Geode Capital Management LLC now owns 74,602 shares of the company’s stock worth $2,105,000 after buying an additional 4,083 shares during the period. Finally, Northern Trust Corp lifted its holdings in Seneca Foods by 3.8% during the fourth 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 period. Hedge funds and other institutional investors own 49.01% of the company’s stock.
Separately, BidaskClub lowered Seneca Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 10th.
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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