Lifeway Foods, Inc. (NASDAQ:LWAY) COO Edward Smolyansky Sells 19,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) COO Edward Smolyansky sold 19,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $2.90, for a total value of $55,100.00. Following the sale, the chief operating officer now owns 1,552,053 shares of the company’s stock, valued at $4,500,953.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:LWAY opened at $2.72 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 2.08. The business has a 50-day moving average of $2.98 and a two-hundred day moving average of $2.64. Lifeway Foods, Inc. has a 12 month low of $1.81 and a 12 month high of $4.75.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings results on Monday, August 19th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $23.15 million for the quarter. Lifeway Foods had a negative return on equity of 8.95% and a negative net margin of 4.05%.

A hedge fund recently bought a new stake in Lifeway Foods stock. Kahn Brothers Group Inc. DE bought a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $36,000. Kahn Brothers Group Inc. DE owned approximately 0.06% of Lifeway Foods as of its most recent filing with the Securities & Exchange Commission. 8.60% of the stock is currently owned by hedge funds and other institutional investors.

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, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.

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