Media stories about Lifeway Foods (NASDAQ:LWAY) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lifeway Foods earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.6362180728561 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several brokerages have recently issued reports on LWAY. Taglich Brothers reiterated a “speculative buy” rating and issued a $14.10 target price on shares of Lifeway Foods in a research report on Monday, June 18th. ValuEngine lowered shares of Lifeway Foods from a “sell” rating to a “strong sell” rating in a research report on Friday, June 22nd. Zacks Investment Research upgraded shares of Lifeway Foods from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, TheStreet lowered shares of Lifeway Foods from a “c-” rating to a “d” rating in a research report on Friday, May 4th.
Lifeway Foods traded down $0.17, reaching $3.62, during trading on Friday, Marketbeat reports. 7,684 shares of the stock were exchanged, compared to its average volume of 12,870. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.32 and a quick ratio of 1.57. Lifeway Foods has a 1 year low of $3.55 and a 1 year high of $10.75. The company has a market capitalization of $60.20 million, a PE ratio of -181.00 and a beta of 0.36.
Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings results on Tuesday, May 15th. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.07. The business had revenue of $28.74 million for the quarter, compared to the consensus estimate of $26.50 million. Lifeway Foods had a negative net margin of 0.35% and a negative return on equity of 0.84%.
In other Lifeway Foods news, COO Edward Smolyansky sold 4,890 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $6.41, for a total transaction of $31,344.90. Following the completion of the transaction, the chief operating officer now owns 993,614 shares in the company, valued at approximately $6,369,065.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ludmila Smolyansky sold 23,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 22nd. The stock was sold at an average price of $5.75, for a total transaction of $135,125.00. The disclosure for this sale can be found here. Insiders sold a total of 50,450 shares of company stock worth $298,234 over the last three months. Insiders own 50.70% of the company’s stock.
Lifeway Foods Company Profile
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, BioKefir, and kefir with oats.
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