StockNews.com Initiates Coverage on Lifeway Foods (NASDAQ:LWAY)

Investment analysts at StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

Separately, 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 Performance

Shares of NASDAQ:LWAY opened at $24.61 on Friday. The firm has a fifty day moving average price of $25.40 and a 200 day moving average price of $19.06. Lifeway Foods has a fifty-two week low of $9.93 and a fifty-two week high of $28.61. The firm has a market cap of $364.62 million, a price-to-earnings ratio of 28.62 and a beta of 1.01.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Lifeway Foods in the 3rd quarter worth about $1,270,000. Los Angeles Capital Management LLC purchased a new position in shares of Lifeway Foods in the 3rd quarter worth approximately $1,237,000. American Century Companies Inc. purchased a new position in shares of Lifeway Foods in the 2nd quarter worth approximately $593,000. Cornercap Investment Counsel Inc. purchased a new position in shares of Lifeway Foods in the 2nd quarter worth approximately $539,000. Finally, Bank of Montreal Can acquired a new stake in Lifeway Foods in the 2nd quarter worth approximately $432,000. Institutional investors own 36.39% of the company’s stock.

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.