Lifeway Foods (NASDAQ:LWAY) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note issued on Wednesday. The brokerage set a “hold” rating on the stock.

Separately, Noble Financial downgraded Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Lifeway Foods Price Performance

NASDAQ:LWAY opened at $24.76 on Wednesday. Lifeway Foods has a one year low of $9.93 and a one year high of $28.61. The firm’s 50 day simple moving average is $24.39 and its 200 day simple moving average is $20.31. The company has a market cap of $366.84 million, a PE ratio of 28.79 and a beta of 1.01.

Institutional Trading of Lifeway Foods

Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in shares of Lifeway Foods by 56.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock valued at $748,000 after purchasing an additional 21,168 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in shares of Lifeway Foods in the 2nd quarter valued at $267,000. Rhumbline Advisers lifted its position in shares of Lifeway Foods by 2,334.0% during the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after acquiring an additional 4,668 shares during the period. Acadian Asset Management LLC boosted its stake in Lifeway Foods by 184.0% during the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock worth $589,000 after acquiring an additional 29,922 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in Lifeway Foods in the second quarter worth $82,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

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.