Seneca Foods (NASDAQ:SENEA) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
Separately, TheStreet upgraded Seneca Foods from a “d+” rating to a “c-” rating in a report on Wednesday, September 12th.
NASDAQ:SENEA opened at $33.47 on Friday. Seneca Foods has a fifty-two week low of $25.45 and a fifty-two week high of $35.90. The company has a current ratio of 2.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.94.
Large investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its stake in Seneca Foods by 95.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 5,030 shares of the company’s stock worth $136,000 after purchasing an additional 2,450 shares during the period. Comerica Bank purchased a new stake in Seneca Foods in the third quarter worth $203,000. Alliancebernstein L.P. purchased a new stake in Seneca Foods in the third quarter worth $239,000. First Manhattan Co. increased its stake in Seneca Foods by 43,500.0% in the third quarter. First Manhattan Co. now owns 8,720 shares of the company’s stock worth $293,000 after purchasing an additional 8,700 shares during the period. Finally, Marquette Asset Management LLC increased its stake in Seneca Foods by 28.9% in the third quarter. Marquette Asset Management LLC now owns 10,872 shares of the company’s stock worth $366,000 after purchasing an additional 2,438 shares during the period. Institutional investors own 54.13% 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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