Lifeway Foods (LWAY) Sets New 12-Month High and Low at $5.90

Lifeway Foods, Inc. (NASDAQ:LWAY) shares reached a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $5.90 and last traded at $5.94, with a volume of 11175 shares. The stock had previously closed at $5.99.

Several research firms have issued reports on LWAY. Zacks Investment Research cut Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. ValuEngine cut Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.

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The stock has a market capitalization of $95.99, a PE ratio of 49.92 and a beta of 0.59. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07.

Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings data on Friday, March 30th. The company reported ($0.11) earnings per share (EPS) for the quarter. Lifeway Foods had a return on equity of 3.90% and a net margin of 1.55%. analysts expect that Lifeway Foods, Inc. will post 0.08 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in 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 acquiring an additional 18,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Lifeway Foods by 1.3% in the second quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock valued at $2,166,000 after buying an additional 3,052 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Lifeway Foods by 5.3% in the fourth quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock valued at $1,406,000 after buying an additional 8,900 shares in the last quarter. State Street Corp increased its position in shares of Lifeway Foods by 5.1% in the second quarter. State Street Corp now owns 86,730 shares of the company’s stock valued at $811,000 after buying an additional 4,203 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Lifeway Foods by 1.3% in the second quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock valued at $582,000 after buying an additional 819 shares in the last quarter. Hedge funds and other institutional investors own 16.19% of the company’s stock.

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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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