Lifeway Foods (LWAY) Hits New 1-Year Low at $2.29
Lifeway Foods, Inc. (NASDAQ:LWAY) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $2.29 and last traded at $2.35, with a volume of 21218 shares traded. The stock had previously closed at $2.47.
Several research analysts recently commented on the stock. ValuEngine downgraded shares of Lifeway Foods from a “sell” rating to a “strong sell” rating in a report on Friday, June 22nd. Zacks Investment Research upgraded shares of Lifeway Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 20th.
The company has a quick ratio of 1.55, a current ratio of 2.22 and a debt-to-equity ratio of 0.13.
An institutional investor recently bought a new position in Lifeway Foods stock. Paloma Partners Management Co acquired a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,799 shares of the company’s stock, valued at approximately $115,000. Paloma Partners Management Co owned 0.14% of Lifeway Foods as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 14.79% of the company’s stock.
Lifeway Foods Company Profile (NASDAQ:LWAY)
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, BioKefir, and kefir with oats.
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