Lifeway Foods (NASDAQ:LWAY) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY - Free Report) in a report issued on Wednesday morning. The firm issued a hold rating on the stock.

Separately, Noble Financial downgraded Lifeway Foods from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th.

Lifeway Foods Stock Performance

LWAY traded up $1.50 during trading on Wednesday, reaching $24.80. The company's stock had a trading volume of 85,055 shares, compared to its average volume of 137,443. The company's fifty day moving average price is $24.43 and its 200-day moving average price is $20.28. Lifeway Foods has a 52-week low of $9.93 and a 52-week high of $28.61. The company has a market capitalization of $367.44 million, a price-to-earnings ratio of 28.84 and a beta of 1.01.

Institutional Investors Weigh In On Lifeway Foods

A number of institutional investors and hedge funds have recently modified their holdings of LWAY. Covestor Ltd acquired a new position in Lifeway Foods during the third quarter worth about $50,000. BNP Paribas Financial Markets lifted its stake in Lifeway Foods by 71.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock valued at $72,000 after buying an additional 1,155 shares in the last quarter. Rhumbline Advisers grew its holdings in Lifeway Foods by 2,334.0% during the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock valued at $62,000 after buying an additional 4,668 shares during the last quarter. Quest Partners LLC purchased a new position in Lifeway Foods during the second quarter worth $82,000. Finally, Barclays PLC raised its holdings in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after acquiring an additional 1,849 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

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.