Media stories about Lifeway Foods (NASDAQ:LWAY) have trended somewhat positive on Friday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lifeway Foods earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.725483355748 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, Zacks Investment Research upgraded Lifeway Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, July 27th.
Lifeway Foods declared that its board has initiated a share buyback plan on Monday, June 26th that allows the company to repurchase $6.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 4% of its stock through a tender offer. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
About Lifeway Foods
Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.
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