A number of other analysts have also commented on the company. Noble Financial raised Lifeway Foods from a market perform rating to an outperform rating and set a $10.00 target price for the company in a research report on Wednesday, November 16th. TheStreet lowered Lifeway Foods from a b- rating to a c rating in a report on Thursday, September 22nd.
Lifeway Foods Stock Down 2.5 %
Shares of NASDAQ:LWAY opened at $7.11 on Monday. 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’s 50-day moving average is $6.12 and its 200-day moving average is $5.66. Lifeway Foods has a 1 year low of $4.55 and a 1 year high of $9.00.
Insider Transactions at Lifeway Foods
In other news, major shareholder Edward Smolyansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $7.58, for a total value of $75,800.00. Following the transaction, the insider now owns 2,000,112 shares in the company, valued at approximately $15,160,848.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 50.34% of the company’s stock.
Hedge Funds Weigh In On Lifeway Foods
A hedge fund recently bought a new stake in Lifeway Foods stock. Voss Capital LLC acquired a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,079 shares of the company’s stock, valued at approximately $332,000. Voss Capital LLC owned about 0.37% of Lifeway Foods at the end of the most recent quarter. 29.36% of the stock is currently owned by institutional investors.
About Lifeway Foods
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.
- Get a free copy of the StockNews.com research report on Lifeway Foods (LWAY)
- Institutional Support for Analog Devices Remains High
- Three CBD Stocks to Dominate a Budding Industry
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Is the 60/40 Portfolio Mix Still in Vogue?
- Microsoft Shares: Is it Time to Back Up the Truck?
Receive News & Ratings for Lifeway Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifeway Foods and related companies with MarketBeat.com's FREE daily email newsletter.