Lifeway Foods (NASDAQ:LWAY - Get Free Report) posted its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.19), Zacks reports. Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%. The firm had revenue of $46.93 million during the quarter, compared to analysts' expectations of $48.00 million.
Lifeway Foods Price Performance
LWAY stock traded down $0.11 during mid-day trading on Tuesday, reaching $22.95. The company had a trading volume of 116,982 shares, compared to its average volume of 137,750. The company has a market capitalization of $340.03 million, a PE ratio of 26.69 and a beta of 1.00. The firm has a 50 day moving average of $22.08 and a 200 day moving average of $23.49. Lifeway Foods has a 12 month low of $10.06 and a 12 month high of $28.61.
Insiders Place Their Bets
In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 10,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $21.31, for a total value of $213,100.00. Following the transaction, the insider now directly owns 17,343 shares in the company, valued at $369,579.33. This represents a 36.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 122,034 shares of company stock worth $2,797,217 in the last three months. Corporate insiders own 18.86% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Lifeway Foods in a research report on Friday. They issued a "hold" rating on the stock.
Read Our Latest Research Report on Lifeway Foods
About Lifeway Foods
(
Get Free Report)
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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