Kahn Brothers Group Inc. DE purchased a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $36,000. Kahn Brothers Group Inc. DE owned 0.06% of Lifeway Foods at the end of the most recent reporting period.
Lifeway Foods stock traded down $0.11 during midday trading on Tuesday, hitting $2.55. 12,477 shares of the stock were exchanged, compared to its average volume of 38,392. The company has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $2.60. Lifeway Foods, Inc. has a 52 week low of $1.81 and a 52 week high of $4.75. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.12.
Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings results on Monday, May 20th. The company reported ($0.02) earnings per share for the quarter. Lifeway Foods had a negative net margin of 3.57% and a negative return on equity of 8.06%. The company had revenue of $24.62 million during the quarter.
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, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.
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