Lifeway Foods, Inc. (NASDAQ:LWAY) COO Edward Smolyansky sold 10,000 shares of Lifeway Foods stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $5.66, for a total transaction of $56,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Lifeway Foods traded up $0.06, hitting $5.48, during trading hours on Wednesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 6,200 shares, compared to its average volume of 19,808. The company has a market capitalization of $92.25 million, a price-to-earnings ratio of -274.00 and a beta of 0.62. The company has a quick ratio of 1.57, a current ratio of 2.32 and a debt-to-equity ratio of 0.13. Lifeway Foods, Inc. has a 52-week low of $4.76 and a 52-week high of $10.75.
Lifeway Foods (NASDAQ:LWAY) last posted its earnings results on Tuesday, May 15th. The company reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.07. The firm had revenue of $28.74 million during the quarter, compared to the consensus estimate of $26.50 million. Lifeway Foods had a negative net margin of 0.35% and a negative return on equity of 0.84%. sell-side analysts expect that Lifeway Foods, Inc. will post -0.22 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the stock. TheStreet downgraded shares of Lifeway Foods from a “c-” rating to a “d” rating in a research note on Friday, May 4th. Zacks Investment Research downgraded shares of Lifeway Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 25th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Lifeway Foods by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after purchasing an additional 18,000 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in Lifeway Foods during the fourth quarter valued at approximately $161,000. Financial & Investment Management Group Ltd. grew its stake in Lifeway Foods by 223.2% during the fourth quarter. Financial & Investment Management Group Ltd. now owns 50,302 shares of the company’s stock valued at $402,000 after acquiring an additional 34,737 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Lifeway Foods by 5.3% during the fourth quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock valued at $1,406,000 after acquiring an additional 8,900 shares in the last quarter. Hedge funds and other institutional investors own 16.21% 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, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.
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