Equities research analysts at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY – Get Rating) in a research note issued on Wednesday. The brokerage set a “strong-buy” rating on the stock.
Shares of NASDAQ:LWAY opened at $4.89 on Wednesday. The firm has a market cap of $75.48 million, a price-to-earnings ratio of 20.31 and a beta of 1.80. Lifeway Foods has a 12 month low of $4.55 and a 12 month high of $9.00. The company’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $5.64. The company has a quick ratio of 1.68, a current ratio of 2.27 and a debt-to-equity ratio of 0.13.
An institutional investor recently raised its position in Lifeway Foods stock. BlackRock Inc. raised its holdings in shares of Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) by 72.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,926 shares of the company’s stock after acquiring an additional 13,449 shares during the quarter. BlackRock Inc. owned approximately 0.21% of Lifeway Foods worth $179,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 29.29% of the company’s stock.
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, and BioKefir. The company also offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; cupped kefir and Icelandic Skyr, a line of strained kefir and yogurt products; and frozen kefir in soft serve and pint-size containers.
- Get a free copy of the StockNews.com research report on Lifeway Foods (LWAY)
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