The IBD SmartSelect Composite Rating for Seneca Foods increased from 83 to 96 Friday.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Seneca Foods is now out of buy range after breaking out from a 63.66 entry in a cup without handle. Note that it is a thinly traded stock, with average daily dollar volume under $8 million.
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The stock sports a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 79% earnings growth. That marks three straight quarters of rising EPS gains. Revenue growth rose 18%, up from 13% in the prior quarter. That marks three consecutive reports with rising growth.
Seneca Foods Cl A holds the No. 2 rank among its peers in the Food-Packaged industry group.
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