Seneca Foods (NASDAQ:SENEA) Sees Unusually-High Trading Volume – Here’s What Happened

Seneca Foods Co. (NASDAQ:SENEA) saw unusually-high trading volume on Monday . Approximately 13,831 shares changed hands during trading, an increase of 14% from the previous session’s volume of 12,182 shares.The stock last traded at $74.07 and had previously closed at $74.55.

Seneca Foods Trading Up 3.6 %

The company’s fifty day moving average is $75.31 and its two-hundred day moving average is $67.41. The company has a quick ratio of 0.33, a current ratio of 2.64 and a debt-to-equity ratio of 0.73. The stock has a market cap of $547.96 million, a price-to-earnings ratio of 14.51 and a beta of 0.25.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings results on Thursday, February 6th. The company reported $3.29 earnings per share for the quarter. Seneca Foods had a return on equity of 9.80% and a net margin of 2.49%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Royce & Associates LP increased its position in Seneca Foods by 17.4% during the fourth quarter. Royce & Associates LP now owns 300,363 shares of the company’s stock worth $23,807,000 after buying an additional 44,462 shares during the period. Edge Capital Group LLC acquired a new position in Seneca Foods in the fourth quarter valued at $5,919,000. Peapod Lane Capital LLC purchased a new stake in shares of Seneca Foods in the fourth quarter valued at about $4,627,000. Money Concepts Capital Corp grew its holdings in shares of Seneca Foods by 82.7% during the fourth quarter. Money Concepts Capital Corp now owns 29,442 shares of the company’s stock worth $2,334,000 after buying an additional 13,327 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Seneca Foods by 171.8% in the 4th quarter. American Century Companies Inc. now owns 27,124 shares of the company’s stock valued at $2,150,000 after acquiring an additional 17,145 shares during the period. Institutional investors and hedge funds own 42.51% of the company’s stock.

About Seneca Foods

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.