Lifeway Foods (NASDAQ:LWAY) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Lifeway Foods, Inc. (NASDAQ:LWAY)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.25 and traded as high as $25.01. Lifeway Foods shares last traded at $24.80, with a volume of 85,055 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LWAY shares. StockNews.com began coverage on shares of Lifeway Foods in a research note on Wednesday. They set a “hold” rating for the company. Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

Lifeway Foods Stock Down 0.2 %

The stock has a fifty day moving average of $24.43 and a two-hundred day moving average of $20.28. The stock has a market cap of $366.84 million, a price-to-earnings ratio of 28.79 and a beta of 1.01.

Institutional Trading of Lifeway Foods

A number of institutional investors and hedge funds have recently bought and sold shares of LWAY. Covestor Ltd acquired a new position in Lifeway Foods during the third quarter valued at approximately $50,000. BNP Paribas Financial Markets lifted its holdings in shares of Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after acquiring an additional 1,155 shares in the last quarter. Rhumbline Advisers boosted its position in Lifeway Foods by 2,334.0% during the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after purchasing an additional 4,668 shares during the period. Quest Partners LLC acquired a new stake in Lifeway Foods in the 2nd quarter valued at $82,000. Finally, Barclays PLC increased its holdings in Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares in the last quarter. Institutional investors and hedge funds own 36.39% 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. 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.