Lifeway Foods (LWAY) Reaches New 52-Week Low at $6.59
Lifeway Foods, Inc. (NASDAQ:LWAY) reached a new 52-week low on Thursday . The company traded as low as $6.59 and last traded at $6.76, with a volume of 23100 shares changing hands. The stock had previously closed at $6.76.
LWAY has been the topic of several recent research reports. ValuEngine cut Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Zacks Investment Research cut Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th.
The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07. The firm has a market cap of $106.40, a PE ratio of 55.33 and a beta of 0.62.
Hedge funds have recently bought and sold shares of the business. Stone Ridge Asset Management LLC bought a new position in Lifeway Foods during the 4th quarter worth $161,000. Financial & Investment Management Group Ltd. increased its position in Lifeway Foods by 223.2% during the 4th quarter. Financial & Investment Management Group Ltd. now owns 50,302 shares of the company’s stock worth $402,000 after buying an additional 34,737 shares during the period. Algert Global LLC bought a new position in Lifeway Foods during the 3rd quarter worth $481,000. Northern Trust Corp increased its position in Lifeway Foods by 1.3% during the 2nd quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock worth $582,000 after buying an additional 819 shares during the period. Finally, State Street Corp increased its position in Lifeway Foods by 5.1% during the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after buying an additional 4,203 shares during the period. Hedge funds and other institutional investors own 16.00% of the company’s stock.
About Lifeway Foods
Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.
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