Lifeway Foods (NASDAQ:LWAY) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d” rating in a report released on Friday.
Separately, Zacks Investment Research downgraded Lifeway Foods from a “hold” rating to a “sell” rating in a report on Saturday, February 10th.
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NASDAQ:LWAY opened at $4.90 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.29 and a current ratio of 1.87. Lifeway Foods has a 52 week low of $4.76 and a 52 week high of $10.75. The company has a market cap of $77.80 million, a price-to-earnings ratio of -245.00 and a beta of 0.62.
Lifeway Foods (NASDAQ:LWAY) last released its earnings results on Friday, March 30th. The company reported ($0.11) EPS for the quarter. Lifeway Foods had a negative return on equity of 0.72% and a negative net margin of 0.29%. The firm had revenue of $26.26 million for the quarter, compared to the consensus estimate of $28.80 million. research analysts forecast that Lifeway Foods will post -0.22 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Stone Ridge Asset Management LLC bought a new position in Lifeway Foods during the 4th quarter worth approximately $161,000. Financial & Investment Management Group Ltd. lifted its holdings in Lifeway Foods by 223.2% during the 4th 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 last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lifeway Foods by 5.3% in the 4th quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock worth $1,406,000 after purchasing an additional 8,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Lifeway Foods by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after purchasing an additional 18,000 shares during the last quarter. 17.85% of the stock is currently owned by institutional investors.
About Lifeway Foods
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.