Lifeway Foods (NASDAQ:LWAY) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAYGet Rating) in a research report released on Saturday. The firm issued a strong-buy rating on the stock.

Shares of Lifeway Foods stock opened at $5.16 on Friday. The stock has a market cap of $79.64 million, a PE ratio of 22.44 and a beta of 1.79. The business has a fifty day simple moving average of $6.36 and a 200 day simple moving average of $5.69. The company has a quick ratio of 1.68, a current ratio of 2.27 and a debt-to-equity ratio of 0.13. 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. Vanguard Group Inc. increased its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAYGet Rating) by 22.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 178,117 shares of the company’s stock after buying an additional 33,079 shares during the period. Vanguard Group Inc. owned 1.15% of Lifeway Foods worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission. 29.29% of the stock is currently owned by hedge funds and other institutional investors.

About Lifeway Foods (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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