Company shares last traded at $34.50 just above $32.96, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $31.99. The 50 day moving average moved up $1.54 whereas the 200 day average was up by +7.85%. Trading was light with 16K shares changing hands on Tuesday. Overall, volume was down 9.96% under the stocks normal daily volume.
Traders are more bearish on shares of the company considering the uptick in short interest. The stock realized a rise in short interest of 24.25% between September 15, 2017 and September 29, 2017. Short interest grew 31,571 over that period. With short interest at 161,784 and short average daily volume at 20,660, the short-interest ratio is 8.0 and the percentage of shorted shares was 0.02% on September 29.
These funds have shifted positions in (SENEA). As of the end of the quarter Ubs Group Ag had disposed of 7,834 shares trimming its position 99.1%. The value of the company’s investment in Seneca Foods Corp. went from $285,000 to $2,000 a change of 99.3% quarter over quarter. As of quarter end Pennsylvania Trust Co had bought a total of 4,500 shares growing its stake by 0.6%. The value of the investment in Seneca Foods Corp. increased from $22,276,000 to $24,906,000 increasing 11.8% since the last quarter.
Bank Of Montreal /can/ trimmed its holdings by shedding 116 shares a decrease of 53.7% in the quarter. 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 disposed of 600 shares trimming its holdings by 0.8%. The value of the investment in SENEA increased from $2,364,000 to $2,606,000 a change of $242,000 quarter to quarter.
The P/E ratio is 29.02 and the market value is 339.69M.
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..