Lifeway Foods, Inc. (NASDAQ:LWAY) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $6.50 and last traded at $6.53, with a volume of 15271 shares traded. The stock had previously closed at $6.63.
LWAY has been the subject of several recent analyst reports. ValuEngine lowered Lifeway Foods from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th.
The company has a market capitalization of $107.36, a PE ratio of 55.25 and a beta of 0.62. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07.
In related news, Director Ludmila Smolyansky sold 15,209 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $8.27, for a total value of $125,778.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 17,530 shares of company stock valued at $144,255 in the last 90 days. 49.83% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in LWAY. Algert Global LLC bought a new stake in Lifeway Foods in the 3rd quarter worth approximately $481,000. Financial & Investment Management Group Ltd. lifted its position in Lifeway Foods by 223.2% in the 4th quarter. Financial & Investment Management Group Ltd. now owns 50,302 shares of the company’s stock worth $402,000 after buying an additional 34,737 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in Lifeway Foods in the 4th quarter worth approximately $161,000. Dimensional Fund Advisors LP lifted its position in Lifeway Foods by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after buying an additional 18,000 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Lifeway Foods by 5.3% in the 4th quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock worth $1,406,000 after buying an additional 8,900 shares during the last quarter. Institutional investors own 16.19% of the company’s stock.
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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