Lifeway Foods (NASDAQ:LWAY) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Lifeway Foods, Inc. (NASDAQ:LWAY) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.13 and traded as high as $25.49. Lifeway Foods shares last traded at $25.08, with a volume of 30,527 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen assumed coverage on Lifeway Foods in a research note on Saturday, May 17th. They issued a “hold” rating on the stock.

Lifeway Foods Price Performance

The company has a market cap of $381.29 million, a P/E ratio of 29.16 and a beta of 0.74. The company has a fifty day simple moving average of $23.46 and a 200-day simple moving average of $23.13.

Lifeway Foods (NASDAQ:LWAY) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $46.09 million for the quarter, compared to analysts’ expectations of $48.50 million. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%.

Insiders Place Their Bets

In other Lifeway Foods news, CEO Julie Smolyansky sold 50,000 shares of the 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 completion of the transaction, the chief executive officer now owns 2,132,483 shares in the company, valued at approximately $47,063,899.81. This represents a 2.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pol Sikar sold 3,000 shares of the 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 transaction, the director now owns 23,858 shares of the company’s stock, valued at approximately $533,226.30. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,885 shares of company stock valued at $2,282,496. 18.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lifeway Foods

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in Lifeway Foods by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 436,371 shares of the company’s stock worth $10,822,000 after purchasing an additional 6,189 shares during the period. TIG Advisors LLC raised its position in shares of Lifeway Foods by 55.9% in the 1st quarter. TIG Advisors LLC now owns 220,817 shares of the company’s stock worth $5,399,000 after acquiring an additional 79,218 shares in the last quarter. Beryl Capital Management LLC raised its position in shares of Lifeway Foods by 33.3% in the 1st quarter. Beryl Capital Management LLC now owns 193,888 shares of the company’s stock worth $4,741,000 after acquiring an additional 48,439 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Lifeway Foods by 19.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 143,550 shares of the company’s stock valued at $3,510,000 after buying an additional 23,200 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new position in Lifeway Foods during the 4th quarter valued at about $2,925,000. Institutional investors own 36.39% of the company’s stock.

About Lifeway Foods

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.