Lifeway Foods (NASDAQ:LWAY) Downgraded to Sell at ValuEngine

Lifeway Foods (NASDAQ:LWAY) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday, June 2nd.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. TheStreet downgraded shares of Lifeway Foods from a “c-” rating to a “d” rating in a research note on Friday, May 4th.

Shares of Lifeway Foods traded up $0.08, reaching $6.14, during mid-day trading on Friday, MarketBeat reports. 202 shares of the company were exchanged, compared to its average volume of 18,149. The stock has a market capitalization of $96.22 million, a P/E ratio of -302.50 and a beta of 0.51. Lifeway Foods has a 1 year low of $4.76 and a 1 year high of $10.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 2.32.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings results on Tuesday, May 15th. The company reported $0.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.07. Lifeway Foods had a negative net margin of 0.35% and a negative return on equity of 0.84%. The firm had revenue of $28.74 million for the quarter, compared to analyst estimates of $26.50 million. research analysts forecast that Lifeway Foods will post 0.01 earnings per share for the current fiscal year.

In other news, Director Ludmila Smolyansky sold 23,500 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $5.75, for a total value of $135,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Edward Smolyansky sold 4,890 shares of the stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $6.41, for a total transaction of $31,344.90. Following the completion of the sale, the chief operating officer now directly owns 993,614 shares of the company’s stock, valued at $6,369,065.74. The disclosure for this sale can be found here. Insiders have sold 50,450 shares of company stock valued at $298,234 over the last ninety days. Insiders own 50.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Lifeway Foods by 5.2% in the third quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after acquiring an additional 18,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Lifeway Foods by 5.3% during the fourth quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock worth $1,406,000 after buying an additional 8,900 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in Lifeway Foods during the fourth quarter worth $161,000. Institutional investors and hedge funds own 16.21% 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, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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