Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) CFO Eric A. Hanson sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $19.15, for a total value of $383,000.00. Following the completion of the sale, the chief financial officer now owns 32,297 shares in the company, valued at approximately $618,487.55. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Lifeway Foods Stock Down 10.9 %
NASDAQ:LWAY opened at $17.22 on Friday. Lifeway Foods, Inc. has a twelve month low of $5.61 and a twelve month high of $19.60. The firm has a market capitalization of $252.96 million, a price-to-earnings ratio of 22.66 and a beta of 1.29. The company has a quick ratio of 1.75, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $12.52 and its two-hundred day moving average price is $12.60.
Institutional Investors Weigh In On Lifeway Foods
Institutional investors and hedge funds have recently made changes to their positions in the stock. EAM Investors LLC bought a new stake in shares of Lifeway Foods during the 3rd quarter worth approximately $1,353,000. Acadian Asset Management LLC bought a new stake in shares of Lifeway Foods during the 3rd quarter worth approximately $143,000. Bank of New York Mellon Corp bought a new stake in shares of Lifeway Foods during the 3rd quarter worth approximately $405,000. Kanen Wealth Management LLC raised its stake in shares of Lifeway Foods by 107.9% during the 2nd quarter. Kanen Wealth Management LLC now owns 620,973 shares of the company’s stock worth $4,085,000 after purchasing an additional 322,260 shares in the last quarter. Finally, Teton Advisors Inc. bought a new stake in shares of Lifeway Foods during the 3rd quarter worth approximately $114,000. Institutional investors own 36.39% of the company’s stock.
Analyst Upgrades and Downgrades
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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.
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