Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) reached a new 52-week low during trading on Wednesday . The stock traded as low as $6.40 and last traded at $6.40, with a volume of 7104 shares trading hands. The stock had previously closed at $6.54.
Several analysts recently commented on the stock. Zacks Investment Research raised shares of Lifeway Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine lowered shares of Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st.
The company has a market cap of $105.12, a P/E ratio of 54.50 and a beta of 0.62. The company has a current ratio of 2.06, a quick ratio of 1.46 and a debt-to-equity ratio of 0.07.
Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Lifeway Foods by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock valued at $3,244,000 after purchasing an additional 18,000 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Lifeway Foods in the 3rd quarter valued at approximately $481,000. Financial & Investment Management Group Ltd. lifted its position in shares of Lifeway Foods by 223.2% in the 4th quarter. Financial & Investment Management Group Ltd. now owns 50,302 shares of the company’s stock valued at $402,000 after acquiring an additional 34,737 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Lifeway Foods by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,052 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Lifeway Foods by 5.1% in the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock valued at $811,000 after acquiring an additional 4,203 shares in the last quarter. 16.19% of the stock is owned by institutional investors and hedge funds.
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About Lifeway Foods
Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.
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