Lifeway Foods (LWAY) Receiving Somewhat Favorable Press Coverage, Accern Reports

Media coverage about Lifeway Foods (NASDAQ:LWAY) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lifeway Foods earned a news impact score of 0.14 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.8185340460948 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Lifeway Foods (NASDAQ LWAY) traded down 0.55% during midday trading on Wednesday, hitting $9.12. The company had a trading volume of 5,770 shares. Lifeway Foods has a one year low of $8.31 and a one year high of $18.48. The stock’s 50-day moving average price is $9.42 and its 200-day moving average price is $10.13. The stock has a market capitalization of $147.32 million, a price-to-earnings ratio of 55.61 and a beta of 0.61.

Lifeway Foods announced that its board has authorized a share buyback plan on Monday, June 26th that authorizes the company to repurchase $6.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4% of its stock through a tender offer. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Separately, Zacks Investment Research raised Lifeway Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th.

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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.