Lifeway Foods (NASDAQ:LWAY) Coverage Initiated at began coverage on shares of Lifeway Foods (NASDAQ:LWAYGet Rating) in a report released on Monday. The brokerage issued a strong-buy rating on the stock.

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.

Lifeway Foods (NASDAQ:LWAYGet Rating) last issued its earnings results on Friday, August 26th. The company reported ($0.06) EPS for the quarter. Lifeway Foods had a net margin of 0.08% and a return on equity of 0.23%. The firm had revenue of $34.10 million during the quarter. On average, research analysts anticipate that Lifeway Foods will post 0.01 EPS for the current fiscal year.

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:LWAYGet 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

(Get Rating)

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.

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