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

StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note released on Sunday morning. The firm issued a hold rating on the stock.

Separately, Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th.

Lifeway Foods Trading Up 0.5 %

NASDAQ LWAY opened at $23.90 on Friday. The firm has a market cap of $354.20 million, a PE ratio of 27.79 and a beta of 1.01. Lifeway Foods has a 1-year low of $9.93 and a 1-year high of $28.61. The stock has a 50-day moving average of $25.32 and a 200-day moving average of $19.21.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors and hedge funds have recently bought and sold shares of LWAY. Covestor Ltd bought a new position in shares of Lifeway Foods during the third quarter valued at approximately $50,000. BNP Paribas Financial Markets raised its holdings in Lifeway Foods by 71.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after purchasing an additional 1,155 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Lifeway Foods by 2,334.0% during the 2nd 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. Quest Partners LLC purchased a new position in shares of Lifeway Foods during the second quarter valued at about $82,000. Finally, Barclays PLC raised its stake in Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after buying an additional 1,849 shares in the last quarter. Hedge funds and other 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.