Lifeway Foods, Inc. (NASDAQ:LWAY)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $7.18 and last traded at $7.20, with a volume of 12100 shares changing hands. The stock had previously closed at $7.20.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine cut Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.

The firm has a market cap of $120.18, a P/E ratio of 62.50 and a beta of 0.49. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07.

Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings data on Tuesday, November 14th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $28.79 million for the quarter, compared to the consensus estimate of $31.94 million. Lifeway Foods had a return on equity of 3.90% and a net margin of 1.55%. analysts anticipate that Lifeway Foods, Inc. will post 0.08 EPS for the current fiscal year.

In other news, Director Ludmila Smolyansky sold 15,209 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $8.27, for a total transaction of $125,778.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 19,530 shares of company stock valued at $161,435. Corporate insiders own 49.83% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LWAY. Stone Ridge Asset Management LLC acquired a new stake in shares of Lifeway Foods in the fourth quarter worth $161,000. Financial & Investment Management Group Ltd. boosted its position in shares of Lifeway Foods by 223.2% in the fourth quarter. Financial & Investment Management Group Ltd. now owns 50,302 shares of the company’s stock worth $402,000 after buying an additional 34,737 shares during the period. Algert Global LLC acquired a new stake in shares of Lifeway Foods in the third quarter worth $481,000. Northern Trust Corp boosted its position in shares of Lifeway Foods by 1.3% in the second quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock worth $582,000 after buying an additional 819 shares during the period. Finally, State Street Corp boosted its position in shares of Lifeway Foods by 5.1% in the second quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after buying an additional 4,203 shares during the period. 15.93% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Lifeway Foods (LWAY) Reaches New 12-Month Low at $7.18” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2018/02/14/lifeway-foods-lway-reaches-new-12-month-low-at-7-18.html.

Lifeway Foods Company Profile

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.

Receive News & Ratings for Lifeway Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifeway Foods and related companies with MarketBeat.com's FREE daily email newsletter.