Equities research analysts at StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY - Get Free Report) in a research note issued on Sunday. The firm set 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.
Get Our Latest Research Report on LWAY
Lifeway Foods Price Performance
Shares of NASDAQ:LWAY traded up $0.22 during midday trading on Friday, reaching $24.61. The company had a trading volume of 34,635 shares, compared to its average volume of 118,869. The stock has a market capitalization of $364.62 million, a P/E ratio of 28.62 and a beta of 1.01. The stock's fifty day moving average price is $25.40 and its 200-day moving average price is $19.09. Lifeway Foods has a one year low of $9.93 and a one year high of $28.61.
Hedge Funds Weigh In On Lifeway Foods
Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its position in shares of Lifeway Foods by 56.6% during the second quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company's stock worth $748,000 after acquiring an additional 21,168 shares during the last quarter. Bailard Inc. acquired a new position in Lifeway Foods during the 2nd quarter valued at about $253,000. Panagora Asset Management Inc. acquired a new position in shares of Lifeway Foods during the second quarter worth approximately $267,000. Rhumbline Advisers raised its stake 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 acquiring an additional 4,668 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Lifeway Foods by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 46,184 shares of the company's stock worth $589,000 after acquiring an additional 29,922 shares during the period. 36.39% of the stock is owned by institutional investors.
About Lifeway Foods
(
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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.
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