Lifeway Foods, Inc. (NASDAQ:LWAY) COO Sells $55,100.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) COO Edward Smolyansky sold 19,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $2.90, for a total transaction of $55,100.00. Following the completion of the transaction, the chief operating officer now owns 1,552,053 shares of the company’s stock, valued at approximately $4,500,953.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of LWAY stock traded down $0.08 on Thursday, reaching $2.72. 6,600 shares of the stock were exchanged, compared to its average volume of 42,137. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 2.08. The business’s 50 day moving average price is $2.98 and its 200 day moving average price is $2.64. Lifeway Foods, Inc. has a twelve month low of $1.81 and a twelve month high of $4.75.

Lifeway Foods (NASDAQ:LWAY) last issued its earnings results on Monday, August 19th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $23.15 million for the quarter. Lifeway Foods had a negative return on equity of 8.95% and a negative net margin of 4.05%.

A hedge fund recently bought a new stake in Lifeway Foods stock. Kahn Brothers Group Inc. DE bought a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the company’s stock, valued at approximately $36,000. Kahn Brothers Group Inc. DE owned approximately 0.06% of Lifeway Foods at the end of the most recent quarter. Institutional investors own 8.60% 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, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.

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