Lifeway Foods, Inc. (NASDAQ:LWAY) COO Edward Smolyansky Sells 5,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) COO Edward Smolyansky sold 5,000 shares of the stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $5.57, for a total value of $27,850.00. Following the sale, the chief operating officer now directly owns 2,010,112 shares in the company, valued at approximately $11,196,323.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Edward Smolyansky also recently made the following trade(s):

  • On Wednesday, May 26th, Edward Smolyansky sold 2,500 shares of Lifeway Foods stock. The stock was sold at an average price of $5.61, for a total value of $14,025.00.
  • On Wednesday, May 26th, Edward Smolyansky sold 2,500 shares of Lifeway Foods stock. The stock was sold at an average price of $5.61, for a total value of $14,025.00.
  • On Monday, May 24th, Edward Smolyansky sold 4,000 shares of Lifeway Foods stock. The stock was sold at an average price of $5.67, for a total value of $22,680.00.
  • On Friday, May 21st, Edward Smolyansky sold 6,000 shares of Lifeway Foods stock. The stock was sold at an average price of $5.29, for a total value of $31,740.00.

NASDAQ LWAY opened at $5.35 on Friday. The stock’s 50-day simple moving average is $5.24. Lifeway Foods, Inc. has a twelve month low of $2.23 and a twelve month high of $8.89. The stock has a market capitalization of $83.63 million, a P/E ratio of 19.11 and a beta of 1.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.91 and a quick ratio of 2.17.

Lifeway Foods (NASDAQ:LWAY) last issued its quarterly earnings data on Thursday, March 25th. The company reported $0.02 earnings per share for the quarter. Lifeway Foods had a return on equity of 9.43% and a net margin of 4.14%. The firm had revenue of $25.59 million during the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in Lifeway Foods by 7.5% during the 4th quarter. Renaissance Technologies LLC now owns 514,498 shares of the company’s stock valued at $2,783,000 after purchasing an additional 35,855 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Lifeway Foods in the 1st quarter worth approximately $90,000. Finally, BlackRock Inc. grew its position in shares of Lifeway Foods by 14.9% in the 1st quarter. BlackRock Inc. now owns 22,201 shares of the company’s stock worth $120,000 after acquiring an additional 2,875 shares in the last quarter. Hedge funds and other institutional investors own 8.35% of the company’s stock.

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, 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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