StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY – Get Rating) in a research report released on Monday morning. The brokerage issued a strong-buy rating on the stock.
Separately, Noble Financial raised Lifeway Foods from a market perform rating to an outperform rating and set a $10.00 price objective on the stock in a report on Wednesday, November 16th.
Lifeway Foods Stock Up 0.3 %
Shares of LWAY opened at $6.12 on Monday. Lifeway Foods has a 1 year low of $4.55 and a 1 year high of $9.00. The business’s 50 day simple moving average is $5.70 and its 200-day simple moving average is $6.00. The company has a quick ratio of 1.55, a current ratio of 2.18 and a debt-to-equity ratio of 0.11.
Insider Activity at Lifeway Foods
Institutional Trading of Lifeway Foods
A number of hedge funds and other institutional investors have recently bought and sold shares of LWAY. Millennium Management LLC bought a new position in shares of Lifeway Foods during the 4th quarter worth $82,000. UBS Group AG grew its position in shares of Lifeway Foods by 12,896.2% during the 4th quarter. UBS Group AG now owns 16,895 shares of the company’s stock worth $94,000 after buying an additional 16,765 shares in the last quarter. Voss Capital LLC bought a new stake in Lifeway Foods during the third quarter valued at about $332,000. Finally, Vanguard Group Inc. boosted its position in Lifeway Foods by 22.8% during the first quarter. Vanguard Group Inc. now owns 178,117 shares of the company’s stock valued at $1,286,000 after purchasing an additional 33,079 shares in the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.
About Lifeway Foods
Lifeway Foods, Inc engages in the manufacture of probiotic and nutritious foods. Its products include kefir, organic kefir, plantiful, probugs, frozen kefir, cups and skyr, cheese, and supplements. The company distributes its products primarily through its direct sales force, brokers, and distributors.
- Get a free copy of the StockNews.com research report on Lifeway Foods (LWAY)
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