Lifeway Foods (NASDAQ:LWAY) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.26 and traded as high as $25.33. Lifeway Foods shares last traded at $25.07, with a volume of 53,067 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Lifeway Foods to a "hold" rating in a report on Saturday.

Lifeway Foods Stock Down 1.4%

The stock has a market cap of $371.11 million, a P/E ratio of 36.99 and a beta of 0.75. The firm's fifty day moving average price is $23.98 and its 200-day moving average price is $23.26.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The company had revenue of $46.09 million during the quarter, compared to analyst estimates of $48.50 million. Lifeway Foods had a return on equity of 14.20% and a net margin of 5.39%.

Insider Transactions at Lifeway Foods

In other news, CEO Julie Smolyansky sold 50,000 shares of Lifeway Foods stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $22.07, for a total transaction of $1,103,500.00. Following the transaction, the chief executive officer directly owned 2,132,483 shares of the company's stock, valued at $47,063,899.81. The trade was a 2.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason Scott Scher sold 16,366 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $24.24, for a total value of $396,711.84. Following the completion of the transaction, the director directly owned 1 shares in the company, valued at approximately $24.24. This represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,075 shares of company stock valued at $2,444,871. 18.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lifeway Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in Lifeway Foods during the second quarter worth about $49,000. Byrne Asset Management LLC purchased a new position in Lifeway Foods during the second quarter worth approximately $53,000. Wells Fargo & Company MN lifted its position in Lifeway Foods by 33.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock worth $71,000 after buying an additional 718 shares in the last quarter. Deutsche Bank AG purchased a new stake in Lifeway Foods in the first quarter valued at $78,000. Finally, Strs Ohio purchased a new stake in Lifeway Foods in the first quarter valued at $90,000. Institutional investors 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.