Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) Director Ludmila Smolyansky sold 20,000 shares of the business’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $6.68, for a total value of $133,600.00. Following the sale, the director now directly owns 2,398,120 shares of the company’s stock, valued at $16,019,441.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Lifeway Foods Price Performance
NASDAQ LWAY traded up $0.01 during trading hours on Tuesday, reaching $6.70. 60,717 shares of the company’s stock were exchanged, compared to its average volume of 15,039. The company’s 50-day moving average is $6.35 and its two-hundred day moving average is $5.80. Lifeway Foods, Inc. has a one year low of $4.55 and a one year high of $9.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.18 and a quick ratio of 1.55.
Lifeway Foods (NASDAQ:LWAY – Get Rating) last posted its earnings results on Monday, September 26th. The company reported $0.01 earnings per share (EPS) for the quarter. Lifeway Foods had a return on equity of 0.23% and a net margin of 0.08%. The business had revenue of $33.49 million during the quarter. Equities research analysts forecast that Lifeway Foods, Inc. will post 0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On Lifeway Foods
An institutional investor recently bought a new position in Lifeway Foods stock. Voss Capital LLC purchased a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 58,079 shares of the company’s stock, valued at approximately $332,000. Voss Capital LLC owned about 0.37% of Lifeway Foods as of its most recent SEC filing. 29.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. TheStreet cut Lifeway Foods from a “b-” rating to a “c” rating in a research note on Thursday, September 22nd. Noble Financial raised Lifeway Foods from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Wednesday, November 16th. Finally, StockNews.com assumed coverage on Lifeway Foods in a research note on Wednesday, December 7th. They issued a “strong-buy” rating for the company.
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, 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.