Shares of the company are trading at $31.20 a tad higher than the 50 day moving average which is $29.66 and marginally under the 200 day moving average of $32.36. The 50 day moving average was up $1.54 whereas the 200 day moving average was down $-1.16 or -3.58%. Trading volume for Seneca Foods Corp. was 12K in the last trading session. Overall, volume was down 29.72% under the stocks normal daily volume.
Short traders are more bearish on Seneca Foods Corp. lately if you put credence in the increase in short interest. The stock experienced a rise in short interest of 11.91% as of August 31, 2017 from the last reporting period. Short shares increased 13,259 over that period. With short interest at 124,544 and short average daily volume at 21,065, the short-interest ratio is 6.0 and the percentage of shorted shares was 0.01% on August 31.
A few notable investment firms have updated their holdings. Ubs Group Ag divested its position by shedding 7,834 shares a decrease of 99.1%. Ubs Group Ag controls 74 shares valued at $2,000. The total value of its holdings decreased 99.3%. Pennsylvania Trust Co expanded its ownership by buying 694,162 shares an increase of 2,985.8% in the quarter. Pennsylvania Trust Co owns 717,411 shares worth $22,276,000. The value of the position overall is up by 2,555.1%.
Two Sigma Advisers, Lp trimmed its stake by shedding 3,800 shares a decrease of 24.8% from 03/31/2017 to 06/30/2017. Two Sigma Advisers, Lp claims 11,509 shares with a value of $357,000. The value of the position overall is down by 35.4%. As of the end of the quarter Amp Capital Investors Ltd had sold 700 shares trimming its position 7.5%. The value of the investment in Seneca Foods Corp. decreased from $341,000 to $272,000 a change of 20.2% since the last quarter.
Seneca Foods Corp.’s P/E ratio is 26.24 and the market cap is 307.20M.
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..