Lifeway Foods (NASDAQ:LWAY) Coverage Initiated at initiated coverage on shares of Lifeway Foods (NASDAQ:LWAYGet Rating) in a research note issued to investors on Sunday. The firm set a “strong-buy” rating on the stock.

LWAY opened at $5.49 on Friday. Lifeway Foods has a twelve month low of $4.55 and a twelve month high of $9.00. The company has a quick ratio of 1.68, a current ratio of 2.27 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $6.23 and a 200-day moving average of $5.68. The stock has a market cap of $84.74 million, a PE ratio of 23.87 and a beta of 1.79.

A hedge fund recently raised its stake in Lifeway Foods stock. BlackRock Inc. boosted its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAYGet Rating) by 72.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,926 shares of the company’s stock after acquiring an additional 13,449 shares during the period. BlackRock Inc. owned 0.21% of Lifeway Foods worth $179,000 as of its most recent SEC filing. 29.29% of the stock is currently owned by institutional investors and hedge funds.

About Lifeway Foods (Get Rating)

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, including low fat, non-fat, whole milk, protein, and BioKefir. The company also offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; cupped kefir and Icelandic Skyr, a line of strained kefir and yogurt products; and frozen kefir in soft serve and pint-size containers.

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