Lifeway Foods, Inc. (NASDAQ:LWAY)’s share price reached a new 52-week low on Tuesday . The company traded as low as $6.75 and last traded at $7.05, with a volume of 44100 shares changing hands. The stock had previously closed at $7.05.
LWAY has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Lifeway Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 8th. ValuEngine lowered shares of Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 2.06. The firm has a market capitalization of $112.97, a PE ratio of 58.75 and a beta of 0.49.
In related news, Director Ludmila Smolyansky sold 15,209 shares of Lifeway Foods stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $8.27, for a total value of $125,778.43. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 19,530 shares of company stock worth $161,435. 49.83% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Lifeway Foods by 5.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after purchasing an additional 18,000 shares in the last quarter. FMR LLC boosted its position in shares of Lifeway Foods by 0.9% during the 2nd quarter. FMR LLC now owns 279,939 shares of the company’s stock worth $2,615,000 after purchasing an additional 2,513 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Lifeway Foods by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,052 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Lifeway Foods by 5.3% during the 4th quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock worth $1,406,000 after purchasing an additional 8,900 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Lifeway Foods by 5.1% during the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after purchasing an additional 4,203 shares in the last quarter. Institutional investors own 16.00% of the company’s stock.
Lifeway Foods Company Profile
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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