It is trading at $36.00 which is slightly above the 50 day moving average which is $33.70 and impressively higher than the 200 day moving average of $32.05. The 50 day moving average went up $2.30 or +6.82% whereas the 200 day moving average was up $3.95 or +12.33%. Seneca Foods Corp. shares had a trading volume of 28K by the end of trading on Tuesday. Overall, volume was up 85.19% over the stocks normal daily volume.
Investors are more bullish on shares of Seneca Foods Corp. recently if you evaluate the change in short interest. The stock had a fall in short interest of -21.04% between September 29, 2017 and October 13, 2017. Short interest fell from 161,784 to 127,748 over that period. With short interest at 127,748 and short average daily volume at 15,457, the short-interest ratio is 8.0 and the percentage of shorted shares is 0.01% as of October 13.
A few notable investment firms have updated their holdings. As of quarter end Pennsylvania Trust Co had acquired 4,500 shares growing its holdings by 0.6%. The value of the total investment in Seneca Foods Corp. increased from $22,276,000 to $24,906,000 a change of $2,630,000 quarter to quarter. Bank Of Montreal /can/ downsized its investment by selling 116 shares a decrease of 53.7% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ now holds 100 shares valued at $3,000. The total value of its holdings decreased 57.1%.
As of the end of the quarter P.r. Herzig & Co. Inc. had sold a total of 600 shares trimming its position 0.8%. The value of the company’s investment in Seneca Foods Corp. went from $2,364,000 to $2,606,000 increasing 10.2% since the last quarter. Parkside Financial Bank & Trust grew its stake by buying 7 shares an increase of 140.0% in the quarter. Parkside Financial Bank & Trust controls 12 shares worth $0. The value of the position overall is down by nan%.
Seneca Foods Corp.’s P/E ratio is 30.28 and market cap is 354.46M.
Seneca Foods Corporation, launched on August 17, 1949, is a provider of packaged fruits and vegetables. The Company manages its business through two segments: packaging and sale of fruits and vegetables, and packaging and sale of chip products. Its product offerings include canned fruits and vegetables, frozen vegetables and other food products, frozen and bottled produce, and snack chips. Its products are sold under private label, as well as national and regional brands that the Company owns or licenses, including Seneca, Libby’s, Green Valley, Aunt Nellie’s, READ, Cherryman and Seneca Farms. The Company packs Green Giant, Le Sueur and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America (B&G) under a contract packing agreement. Its two segments constitute the food operation. The non-food operation is primarily related to the sale of cans and ends, and the Business’s trucking and aircraft operations..