Seneca Foods (SENEA) Upgraded to “Strong-Buy” by BidaskClub

BidaskClub upgraded shares of Seneca Foods (NASDAQ:SENEA) from a buy rating to a strong-buy rating in a research note published on Thursday morning.

Separately, TheStreet upgraded shares of Seneca Foods from a d+ rating to a c- rating in a research report on Wednesday, September 12th.

Shares of SENEA traded down $1.39 during trading hours on Thursday, hitting $34.25. The stock had a trading volume of 27,626 shares, compared to its average volume of 20,216. The company has a current ratio of 3.77, a quick ratio of 0.61 and a debt-to-equity ratio of 0.88. Seneca Foods has a fifty-two week low of $25.45 and a fifty-two week high of $35.90.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Seneca Foods by 6.5% during the third quarter. BlackRock Inc. now owns 1,056,275 shares of the company’s stock worth $35,595,000 after buying an additional 64,767 shares during the period. Bank of New York Mellon Corp boosted its stake in Seneca Foods by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 77,188 shares of the company’s stock worth $2,601,000 after buying an additional 1,634 shares during the period. Alliancebernstein L.P. purchased a new position in Seneca Foods during the third quarter worth about $239,000. Comerica Bank purchased a new position in shares of Seneca Foods in the third quarter valued at approximately $203,000. Finally, First Manhattan Co. boosted its stake in shares of Seneca Foods by 43,500.0% in the third quarter. First Manhattan Co. now owns 8,720 shares of the company’s stock valued at $293,000 after purchasing an additional 8,700 shares during the period. 54.63% of the stock is 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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