Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $23.28 and traded as high as $25.11. Lifeway Foods shares last traded at $24.96, with a volume of 20,619 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Lifeway Foods to a "hold" rating in a report on Saturday, July 12th.
Read Our Latest Research Report on LWAY
Lifeway Foods Stock Performance
The firm has a fifty day moving average price of $24.36 and a 200 day moving average price of $23.36. The stock has a market cap of $402.34 million, a PE ratio of 40.11 and a beta of 0.75.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. Lifeway Foods had a return on equity of 14.20% and a net margin of 5.39%. The firm had revenue of $46.09 million for the quarter, compared to the consensus estimate of $48.50 million.
Insiders Place Their Bets
In related news, Director Pol Sikar sold 3,000 shares of Lifeway Foods stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $22.35, for a total value of $67,050.00. Following the sale, the director directly owned 23,858 shares in the company, valued at approximately $533,226.30. The trade was a 11.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jason Scott Scher sold 16,366 shares of Lifeway Foods stock in a transaction dated 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 sale, the director owned 1 shares in the company, valued at approximately $24.24. The trade was a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,127 shares of company stock valued at $2,015,554 over the last quarter. Insiders own 18.86% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LWAY. Rhumbline Advisers raised its position in Lifeway Foods by 8.2% in the first quarter. Rhumbline Advisers now owns 6,068 shares of the company's stock valued at $148,000 after purchasing an additional 462 shares during the period. Algert Global LLC grew its stake in shares of Lifeway Foods by 8.1% during the fourth quarter. Algert Global LLC now owns 9,076 shares of the company's stock worth $225,000 after purchasing an additional 680 shares in the last quarter. Barclays PLC boosted its stake in Lifeway Foods by 11.0% in the fourth quarter. Barclays PLC now owns 7,127 shares of the company's stock valued at $176,000 after acquiring an additional 707 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Lifeway Foods by 33.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock valued at $71,000 after acquiring an additional 718 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Lifeway Foods by 0.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company's stock valued at $2,985,000 after acquiring an additional 1,050 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
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