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

StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

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

Lifeway Foods Price Performance

LWAY opened at $22.91 on Tuesday. The stock has a market capitalization of $339.53 million, a price-to-earnings ratio of 26.64 and a beta of 1.01. Lifeway Foods has a 12 month low of $9.93 and a 12 month high of $28.61. The business has a 50-day moving average of $24.83 and a two-hundred day moving average of $19.80.

Institutional Investors Weigh In On Lifeway Foods

A number of institutional investors have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Lifeway Foods in the third quarter valued at approximately $1,270,000. Los Angeles Capital Management LLC acquired a new stake in shares of Lifeway Foods in the third quarter worth $1,237,000. American Century Companies Inc. purchased a new position in shares of Lifeway Foods in the 2nd quarter valued at $593,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Lifeway Foods during the 2nd quarter valued at $539,000. Finally, Bank of Montreal Can purchased a new stake in Lifeway Foods during the 2nd quarter worth $432,000. 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.