Lifeway Foods (NASDAQ:LWAY) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note released on Wednesday morning. The brokerage issued 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

Shares of NASDAQ LWAY opened at $24.01 on Wednesday. Lifeway Foods has a fifty-two week low of $9.93 and a fifty-two week high of $28.61. The stock has a market capitalization of $355.73 million, a price-to-earnings ratio of 27.92 and a beta of 1.02. The business has a 50-day moving average of $24.35 and a 200-day moving average of $20.39.

Institutional Investors Weigh In On Lifeway Foods

A number of large investors have recently added to or reduced their stakes in LWAY. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Lifeway Foods in the third quarter valued at about $1,270,000. Los Angeles Capital Management LLC bought a new stake in shares of Lifeway Foods during the third quarter worth approximately $1,237,000. American Century Companies Inc. bought a new position in shares of Lifeway Foods during the second quarter worth approximately $593,000. Cornercap Investment Counsel Inc. acquired a new position in Lifeway Foods in the 2nd quarter valued at $539,000. Finally, Bank of Montreal Can bought a new position in Lifeway Foods during the 2nd quarter worth $432,000. Institutional investors own 36.39% of the company’s stock.

Lifeway Foods Company Profile

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.