Lifeway Foods (NASDAQ:LWAY) Announces Earnings Results

Lifeway Foods (NASDAQ:LWAYGet Free Report) posted its earnings results on Friday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.19), Zacks reports. Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%.

Lifeway Foods Stock Performance

Lifeway Foods stock traded down $0.13 during trading on Friday, hitting $20.29. The company’s stock had a trading volume of 8,796 shares, compared to its average volume of 136,624. The stock has a market capitalization of $300.62 million, a price-to-earnings ratio of 23.12 and a beta of 1.00. The stock’s fifty day moving average is $22.17 and its 200 day moving average is $23.39. Lifeway Foods has a 1-year low of $10.06 and a 1-year high of $28.61.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Lifeway Foods in a report on Friday. They issued a “hold” rating for the company.

Check Out Our Latest Stock Report on LWAY

Insider Activity at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 15,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $24.12, for a total transaction of $361,800.00. Following the completion of the sale, the insider now owns 1,040,549 shares of the company’s stock, valued at approximately $25,098,041.88. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 122,034 shares of company stock worth $2,797,217. 18.86% of the stock is currently owned by insiders.

About Lifeway Foods

(Get Free Report)

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. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.

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Earnings History for Lifeway Foods (NASDAQ:LWAY)

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