Research analysts at StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY – Get Rating) in a research report issued to clients and investors on Friday. The brokerage set a "strong-buy" rating on the stock.
Several other brokerages have also recently weighed in on LWAY. Noble Financial upgraded Lifeway Foods from a "market perform" rating to an "outperform" rating and set a $10.00 price target for the company in a research report on Wednesday, November 16th. TheStreet cut Lifeway Foods from a "b-" rating to a "c" rating in a research report on Thursday, September 22nd.
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Lifeway Foods Stock Performance
NASDAQ:LWAY opened at $5.82 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 1.55. The business has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $5.83. Lifeway Foods has a 1 year low of $4.55 and a 1 year high of $9.00. The company has a market capitalization of $90.25 million, a P/E ratio of 15.33 and a beta of 1.55.
Lifeway Foods (NASDAQ:LWAY – Get Rating) last released its earnings results on Monday, September 26th. The company reported $0.01 earnings per share (EPS) for the quarter. Lifeway Foods had a return on equity of 0.23% and a net
margin of 0.08%. The business had revenue of $33.49 million during the quarter. On average, analysts expect that Lifeway Foods will post 0.01 earnings per share for the current year.
Insider Buying and Selling
In related news, major shareholder Edward Smolyansky sold 5,000 shares of the business's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $7.72, for a total transaction of $38,600.00. Following the completion of the transaction, the insider now directly owns 1,995,112 shares in the company, valued at $15,402,264.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Edward Smolyansky sold 5,000 shares of the business's stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $7.72, for a total transaction of $38,600.00. Following the completion of the transaction, the insider now directly owns 1,995,112 shares in the company, valued at $15,402,264.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ludmila Smolyansky sold 20,000 shares of the business's stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $6.68, for a total value of $133,600.00. Following the transaction, the director now owns 2,398,120 shares of the company's stock, valued at $16,019,441.60. The disclosure for this sale can be found here. Insiders sold a total of 41,883 shares of company stock worth $293,966 over the last ninety days. 50.34% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Lifeway Foods
A hedge fund recently bought a new stake in Lifeway Foods stock. Voss Capital LLC purchased a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 58,079 shares of the company's stock, valued at approximately $332,000. Voss Capital LLC owned about 0.37% of Lifeway Foods as of its most recent SEC filing. Institutional investors own 29.36% of the company's stock.
About Lifeway Foods
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Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types, including low fat, non-fat, whole milk, protein, and BioKefir. The company also offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; cupped kefir and Icelandic Skyr, a line of strained kefir and yogurt products; and frozen kefir in soft serve and pint-size containers.
Further Reading
- Get a free copy of the StockNews.com research report on Lifeway Foods (LWAY)
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