Seneca Foods (NASDAQ:SENEA) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday, November 23rd.

Separately, TheStreet raised Seneca Foods from a “d+” rating to a “c-” rating in a research note on Wednesday, September 12th.

Shares of SENEA traded down $1.02 during trading on Friday, reaching $32.08. The company’s stock had a trading volume of 19,803 shares, compared to its average volume of 13,277. Seneca Foods has a twelve month low of $25.45 and a twelve month high of $35.90. The company has a quick ratio of 0.56, a current ratio of 2.88 and a debt-to-equity ratio of 0.94.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings results on Friday, November 9th. The company reported ($0.58) earnings per share (EPS) for the quarter. The firm had revenue of $320.66 million for the quarter. Seneca Foods had a negative net margin of 0.45% and a negative return on equity of 2.58%.

A number of hedge funds have recently modified their holdings of SENEA. BlackRock Inc. increased its holdings in shares of Seneca Foods by 6.5% during the 3rd quarter. BlackRock Inc. now owns 1,056,275 shares of the company’s stock valued at $35,595,000 after acquiring an additional 64,767 shares during the last quarter. Royce & Associates LP grew its holdings in Seneca Foods by 15.9% in the 2nd quarter. Royce & Associates LP now owns 413,977 shares of the company’s stock valued at $11,177,000 after buying an additional 56,734 shares during the last quarter. Vanguard Group Inc. grew its holdings in Seneca Foods by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 611,983 shares of the company’s stock valued at $20,624,000 after buying an additional 22,874 shares during the last quarter. UBS Group AG grew its holdings in Seneca Foods by 102.3% in the 1st quarter. UBS Group AG now owns 26,533 shares of the company’s stock valued at $735,000 after buying an additional 13,416 shares during the last quarter. Finally, First Manhattan Co. grew its holdings in Seneca Foods by 43,500.0% in the 3rd quarter. First Manhattan Co. now owns 8,720 shares of the company’s stock valued at $293,000 after buying an additional 8,700 shares during the last quarter. 55.87% of the stock is currently owned by institutional investors.

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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