StockNews.com Initiates Coverage on Lifeway Foods (NASDAQ:LWAY)

Equities research analysts at StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAYGet Rating) in a research report issued on Wednesday. The firm set a “strong-buy” rating on the stock.

LWAY stock opened at $4.80 on Wednesday. The firm’s fifty day simple moving average is $5.52 and its 200-day simple moving average is $5.65. The company has a market capitalization of $74.09 million, a P/E ratio of 20.87 and a beta of 1.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.27 and a quick ratio of 1.68. Lifeway Foods has a 12 month low of $4.55 and a 12 month high of $9.00.

A hedge fund recently raised its stake in Lifeway Foods stock. BlackRock Inc. boosted its stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAYGet Rating) by 72.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 31,926 shares of the company’s stock after acquiring an additional 13,449 shares during the period. BlackRock Inc. owned about 0.21% of Lifeway Foods worth $179,000 at the end of the most recent quarter. Institutional investors own 29.29% of the company’s stock.

Lifeway Foods Company Profile (Get Rating)

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, and BioKefir. The company also offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; cupped kefir and Icelandic Skyr, a line of strained kefir and yogurt products; and frozen kefir in soft serve and pint-size containers.

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