Analysts at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY – Get Free Report) in a report released on Friday. The firm set a “hold” rating on the stock.
Lifeway Foods Price Performance
LWAY stock opened at $20.42 on Friday. Lifeway Foods has a one year low of $10.06 and a one year high of $28.61. The stock has a market cap of $302.54 million, a PE ratio of 23.74 and a beta of 1.00. The firm has a 50 day simple moving average of $22.17 and a two-hundred day simple moving average of $23.39.
Insider Activity
In other news, major shareholder Ludmila Smolyansky sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $22.67, for a total value of $226,700.00. Following the completion of the sale, the insider now owns 985,549 shares of the company’s stock, valued at approximately $22,342,395.83. This represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 122,034 shares of company stock valued at $2,797,217. Corporate insiders own 18.86% of the company’s stock.
Institutional Investors Weigh In On Lifeway Foods
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.
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