Seneca Foods (NASDAQ:SENEA) Shares Gap Down – Here’s Why

Seneca Foods Co. (NASDAQ:SENEA) shares gapped down prior to trading on Tuesday . The stock had previously closed at $73.40, but opened at $71.51. Seneca Foods shares last traded at $72.66, with a volume of 2,456 shares changing hands.

Seneca Foods Stock Up 1.0 %

The company has a market cap of $505.04 million, a price-to-earnings ratio of 12.57 and a beta of 0.27. The company has a current ratio of 2.64, a quick ratio of 0.33 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average price of $74.46 and a two-hundred day moving average price of $66.07.

Seneca Foods (NASDAQ:SENEA) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $3.52 earnings per share for the quarter. Seneca Foods had a return on equity of 10.43% and a net margin of 2.79%. The company had revenue of $425.47 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Seneca Foods in the third quarter valued at $118,000. Wilmington Savings Fund Society FSB acquired a new position in Seneca Foods during the third quarter worth $156,000. Rockbridge Investment Management LCC acquired a new position in Seneca Foods during the third quarter worth $220,000. Bleakley Financial Group LLC acquired a new position in Seneca Foods during the third quarter worth $226,000. Finally, Clifford Capital Partners LLC acquired a new position in Seneca Foods during the second quarter worth $243,000. 42.51% of the stock is currently owned by institutional investors and hedge funds.

Seneca Foods Company Profile

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.