StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY – Get Rating) in a research note issued to investors on Monday morning. The firm issued a strong-buy rating on the stock.
A number of other equities analysts have also recently issued reports on LWAY. Noble Financial upgraded Lifeway Foods from a market perform rating to an outperform rating and set a $10.00 target price for the company in a report on Wednesday, November 16th. TheStreet lowered 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 $5.67 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.55 and a debt-to-equity ratio of 0.11. The business's 50-day simple moving average is $6.32 and its 200-day simple moving average is $5.94. Lifeway Foods has a fifty-two week low of $4.55 and a fifty-two week high of $9.00.
Lifeway Foods (NASDAQ:LWAY – Get Rating) last announced its quarterly earnings results on Monday, November 14th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04. Lifeway Foods had a net
margin of 0.08% and a return on equity of 0.23%. The firm had revenue of $38.14 million for the quarter, compared to analyst estimates of $35.00 million.
Insider Transactions at Lifeway Foods
In other Lifeway Foods news, major shareholder Edward Smolyansky sold 5,000 shares of the company's stock in a transaction on Monday, November 21st. The shares were sold at an average price of $7.72, for a total transaction of $38,600.00. Following the sale, the insider now directly owns 1,995,112 shares of the company's stock, valued at $15,402,264.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Edward Smolyansky sold 5,000 shares of Lifeway Foods 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 owns 1,995,112 shares in the company, valued at $15,402,264.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ludmila Smolyansky sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $6.68, for a total value of $133,600.00. Following the completion of the sale, the director now directly 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 have sold a total of 46,883 shares of company stock worth $323,966 in the last 90 days. Corporate insiders own 50.34% of the company's stock.
Hedge Funds Weigh In On Lifeway Foods
An institutional investor recently bought a new position in Lifeway Foods stock. Voss Capital LLC purchased a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission. 29.36% of the stock is owned by hedge funds and other institutional investors.
Lifeway Foods Company Profile
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Lifeway Foods, Inc engages in the manufacture of probiotic and nutritious foods. Its products include kefir, organic kefir, plantiful, probugs, frozen kefir, cups and skyr, cheese, and supplements. The company distributes its products primarily through its direct sales force, brokers, and distributors.
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