Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.25 and traded as high as $25.01. Lifeway Foods shares last traded at $24.80, with a volume of 85,055 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on LWAY shares. Noble Financial lowered shares of Lifeway Foods from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. StockNews.com assumed coverage on shares of Lifeway Foods in a research note on Wednesday. They set a "hold" rating for the company.
Get Our Latest Report on Lifeway Foods
Lifeway Foods Stock Performance
The company has a 50 day moving average of $24.43 and a two-hundred day moving average of $20.28. The stock has a market capitalization of $367.44 million, a PE ratio of 28.84 and a beta of 1.01.
Institutional Investors Weigh In On Lifeway Foods
Large investors have recently modified their holdings of the business. Covestor Ltd acquired a new position in shares of Lifeway Foods in the 3rd quarter valued at $50,000. Rhumbline Advisers increased its holdings in shares of Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock valued at $62,000 after purchasing an additional 4,668 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Lifeway Foods by 71.2% in the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock worth $72,000 after purchasing an additional 1,155 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Lifeway Foods during the second quarter worth about $82,000. Finally, Barclays PLC boosted its position in Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company's stock valued at $167,000 after buying an additional 1,849 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
Lifeway Foods Company Profile
(
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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.
Further Reading
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