Lifeway Foods (NASDAQ:LWAY) Announces Earnings Results

Lifeway Foods (NASDAQ:LWAY) 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.

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

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.