Shares last traded at $10.06 slightly over the 50 day moving average of $9.55 and which is marginally over the 200 day moving average of $9.46. The 50 day moving average went up $0.51 or +5.32% whereas the 200 day average was up by +6.33%. Trading was heavy with 15K shares changing hands by the end of trading on Tuesday. Trading volume was up 34.25% over the stocks average daily volume.
Short traders are feeling a little more bearish on Lifeway Foods, Inc. of late if you evaluate the change in short interest. The firm had a rise in short interest of 9.51% between September 29, 2017 and October 13, 2017. Short interest increased from 66,186 to 72,479 over that period. The short-interest ratio increased to 5.0 and the percentage of shorted shares was 0.00% on October 13.
The following firms have recently changed their position in LWAY. Tfs Capital LLC bolstered its stake by buying 457 shares an increase of 3.2% from 03/31/2017 to 06/30/2017. Tfs Capital LLC owns 14,756 shares valued at $138,000. The value of the position overall is down by 9.8%. Tower Research Capital LLC (trc) divested its holdings by shedding 289 shares a decrease of 100.0%. Tower Research Capital LLC (trc) claims 0 shares with a value of $0. The total value of its holdings decreased 100.0%.
As of the end of the quarter Teton Advisors, Inc. had acquired a total of 11,519 shares growing its position 7.4%. The value of the company’s investment in Lifeway Foods, Inc. decreased from $1,666,000 to $1,558,000 a change of 6.5% quarter to quarter. As of quarter end Ubs Group Ag had bought 374 shares growing its stake by 155.8%. The value of the total investment in Lifeway Foods, Inc. went from $3,000 to $6,000 a change of $3,000 quarter over quarter.
The P/E ratio is currently 102.65 and the market cap of the company is 161.64M. As of the latest earnings report the EPS was $0.10 and is projected to be $0.14 for the current year with 16,068,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.03 with next year’s EPS projected to be $0.20.
Lifeway Foods, Inc. (Lifeway), launched on May 19, 1986, is involved in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is involved 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. Through its distributors, the Company also sells its products to retailers in Mexico, Costa Rica, Dubai, Hong Kong, China and the Caribbean. The Business’s products reach consumers across Canada and in London, England under third-party co-manufacturing agreements and in-country distributor arrangements..