Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Seneca Foods Corp. (NASDAQ: SENEA) rose significantly during the last several trading days. SENEA’s current Value Trend Rating is A and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Seneca Foods Corp. (NASDAQ: SENEA) stock declined by -2.1% on 6/21/24. The shares closed at $56.84. Moreover, this decline was accompanied by exceptionally high trading volume at 314% of normal. The stock has performed in line with the market over the last nine months and has declined -0.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, SENEA is expected to continue to be Value Creation neutral.
Seneca Foods has a current Value Trend Rating of A (Highest Rating). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Seneca Foods has a neutral Power Rating of 53 but a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
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