Lifeway Foods (NASDAQ:LWAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “LIFEWAY FOODS, INC. produces Kefir, a drinkable product similar to, but distinct from yogurt, in several flavors sold under the name Lifeway’s Kefir. “
Separately, ValuEngine downgraded shares of Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st.
Shares of Lifeway Foods (NASDAQ:LWAY) traded up $0.03 during trading hours on Wednesday, reaching $8.16. 67,200 shares of the company traded hands, compared to its average volume of 54,300. The company has a market cap of $130.28, a P/E ratio of 68.01 and a beta of 0.67. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 2.06. Lifeway Foods has a fifty-two week low of $7.20 and a fifty-two week high of $12.09.
In other news, Director Ludmila Smolyansky sold 15,209 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $8.27, for a total transaction of $125,778.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 19,530 shares of company stock valued at $161,435. Corporate insiders own 50.00% of the company’s stock.
Large investors have recently bought and sold shares of the business. Algert Global LLC bought a new position in shares of Lifeway Foods in the third quarter valued at $481,000. Northern Trust Corp lifted its stake in shares of Lifeway Foods by 1.3% in the second quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock valued at $582,000 after buying an additional 819 shares in the last quarter. State Street Corp increased its holdings in Lifeway Foods by 5.1% during the second quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after buying an additional 4,203 shares during the last quarter. Vanguard Group Inc. increased its holdings in Lifeway Foods by 1.3% during the second quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock worth $2,166,000 after buying an additional 3,052 shares during the last quarter. Finally, FMR LLC increased its holdings in Lifeway Foods by 0.9% during the second quarter. FMR LLC now owns 279,939 shares of the company’s stock worth $2,615,000 after buying an additional 2,513 shares during the last quarter. Institutional investors and hedge funds own 16.47% of the company’s stock.
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About Lifeway Foods
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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