Lifeway Foods (LWAY) Lowered to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Lifeway Foods (NASDAQ:LWAY) from a sell rating to a strong sell rating in a research note released on Friday morning.

Several other research firms have also recently weighed in on LWAY. Zacks Investment Research cut Lifeway Foods from a hold rating to a strong sell rating in a report on Wednesday, April 25th. TheStreet cut Lifeway Foods from a c- rating to a d rating in a report on Friday, May 4th. Finally, Taglich Brothers reaffirmed a speculative buy rating and issued a $14.10 price target on shares of Lifeway Foods in a report on Monday, June 18th.

NASDAQ:LWAY opened at $5.74 on Friday. Lifeway Foods has a twelve month low of $4.76 and a twelve month high of $10.75. The stock has a market capitalization of $91.14 million, a price-to-earnings ratio of -289.50 and a beta of 0.51. 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 released its quarterly earnings results on Tuesday, May 15th. The company reported $0.00 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.07. Lifeway Foods had a negative return on equity of 0.84% and a negative net margin of 0.35%. The firm had revenue of $28.74 million for the quarter, compared to analysts’ expectations of $26.50 million. research analysts expect that Lifeway Foods will post 0.01 earnings per share for the current fiscal year.

In related news, COO Edward Smolyansky sold 4,890 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $6.41, for a total transaction of $31,344.90. Following the transaction, the chief operating officer now directly owns 993,614 shares of the company’s stock, valued at approximately $6,369,065.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ludmila Smolyansky sold 23,500 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $5.75, for a total value of $135,125.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,450 shares of company stock worth $298,234. Insiders own 50.70% of the company’s stock.

An institutional investor recently raised its position in Lifeway Foods stock. Renaissance Technologies LLC lifted its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,800 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned about 1.10% of Lifeway Foods worth $1,406,000 as of its most recent SEC filing. 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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