Seneca Foods (NASDAQ:SENEA) Shares Gap Down – Time to Sell?

Seneca Foods Co. (NASDAQ:SENEA)’s share price gapped down before the market opened on Friday . The stock had previously closed at $74.55, but opened at $71.27. Seneca Foods shares last traded at $73.01, with a volume of 8,461 shares trading hands.

Seneca Foods Stock Performance

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 business has a 50 day moving average of $75.07 and a 200 day moving average of $67.00. The company has a market capitalization of $507.79 million, a P/E ratio of 12.60 and a beta of 0.25.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, February 6th. The company reported $3.29 earnings per share (EPS) for the quarter. Seneca Foods had a return on equity of 10.43% and a net margin of 2.79%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its holdings in Seneca Foods by 73.6% in the 4th quarter. Van ECK Associates Corp now owns 729 shares of the company’s stock valued at $58,000 after purchasing an additional 309 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Seneca Foods in the third quarter valued at about $118,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Seneca Foods in the 3rd quarter worth $156,000. Rockbridge Investment Management LCC purchased a new position in Seneca Foods in the third quarter worth $220,000. Finally, Metis Global Partners LLC purchased a new stake in Seneca Foods during the fourth quarter worth about $222,000. 42.51% of the stock is currently owned by hedge funds and other institutional investors.

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.