StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY – Free Report) in a research note issued to investors on Sunday. The firm issued a hold rating on the stock.
Lifeway Foods Stock Down 0.5 %
Shares of LWAY stock opened at $22.82 on Friday. The company has a market capitalization of $338.19 million, a P/E ratio of 26.53 and a beta of 1.01. Lifeway Foods has a 12-month low of $9.93 and a 12-month high of $28.61. The firm has a 50-day moving average price of $23.54 and a 200 day moving average price of $22.13.
Insider Activity
In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $24.12, for a total value of $361,800.00. Following the completion of the sale, the insider now directly owns 1,040,549 shares in the company, valued at approximately $25,098,041.88. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 112,034 shares of company stock worth $2,584,117. Insiders own 18.86% of the company’s stock.
Institutional Investors Weigh In On Lifeway Foods
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.
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