Lifeway Foods (NASDAQ:LWAY) Stock Passes Above Two Hundred Day Moving Average of $0.00

Lifeway Foods, Inc. (NASDAQ:LWAY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $3.13. Lifeway Foods shares last traded at $3.01, with a volume of 361 shares traded.

The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $3.30.

Lifeway Foods (NASDAQ:LWAY) last issued its earnings results on Monday, May 20th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $24.62 million during the quarter. Lifeway Foods had a negative net margin of 3.57% and a negative return on equity of 8.06%.

A hedge fund recently bought a new stake in Lifeway Foods stock. Kahn Brothers Group Inc. DE bought a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $36,000. Kahn Brothers Group Inc. DE owned approximately 0.06% of Lifeway Foods as of its most recent SEC filing. 9.30% of the stock is currently owned by institutional investors.

About Lifeway Foods (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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