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

Analysts at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note issued on Tuesday. 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 research report on Tuesday, September 24th.

Lifeway Foods Stock Up 0.1 %

Shares of NASDAQ:LWAY opened at $22.94 on Tuesday. Lifeway Foods has a 12-month low of $9.93 and a 12-month high of $28.61. The company’s 50 day moving average price is $24.76 and its two-hundred day moving average price is $19.87. The firm has a market cap of $339.97 million, a PE ratio of 26.67 and a beta of 1.01.

Institutional Investors Weigh In On Lifeway Foods

A number of large investors have recently bought and sold shares of the company. Covestor Ltd acquired a new position in shares of Lifeway Foods in the 3rd quarter valued at approximately $50,000. Rhumbline Advisers raised its position in Lifeway Foods by 2,334.0% during the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after purchasing an additional 4,668 shares in the last quarter. BNP Paribas Financial Markets raised its position in Lifeway Foods by 71.2% during the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after purchasing an additional 1,155 shares in the last quarter. Quest Partners LLC bought a new stake in Lifeway Foods during the second quarter worth $82,000. Finally, Barclays PLC boosted its holdings in shares of Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares in the last quarter. 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.