The stock of Lifeway Foods, Inc. (NASDAQ:LWAY) hit a new 52-week high and has $50.81 target or 176.00% above today’s $18.41 share price. The 9 months bullish chart indicates low risk for the $298.94 million company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $50.81 price target is reached, the company will be worth $526.13M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,692 shares traded hands. Lifeway Foods, Inc. (NASDAQ:LWAY) has risen 58.20% since March 16, 2016 and is uptrending. It has outperformed by 52.66% the S&P500.
According to Zacks Investment Research, “LIFEWAY FOODS, INC. produces Kefir, a drinkable product similar to, but distinct from yogurt, in several flavors sold under the name Lifeway’s Kefir.”
Insitutional Activity: The institutional sentiment decreased to 0.55 in Q2 2016. Its down 0.78, from 1.33 in 2016Q1. The ratio is negative, as 7 funds sold all Lifeway Foods, Inc. shares owned while 15 reduced positions. 1 funds bought stakes while 11 increased positions. They now own 2.65 million shares or 3.79% less from 2.76 million shares in 2016Q1.
Royal Financial Bank Of Canada accumulated 400 shares or 0% of the stock. Citigroup, a New York-based fund reported 471 shares. State Street Corporation accumulated 73,655 shares or 0% of the stock. California Public Employees Retirement Sys has 0% invested in the company for 49,100 shares. The New York-based Alliancebernstein L P has invested 0% in Lifeway Foods, Inc. (NASDAQ:LWAY). Gabelli Funds Ltd Liability Com reported 313,892 shares or 0.02% of all its holdings. Gamco Invsts Et Al owns 290,704 shares or 0.02% of their US portfolio. Cadence Capital Management Lc accumulated 0.06% or 84,922 shares. Natl Bank Of America De accumulated 0% or 1,415 shares. Blackrock Incorporated holds 0% of its portfolio in Lifeway Foods, Inc. (NASDAQ:LWAY) for 554 shares. Moreover, Renaissance Techs Ltd Liability Corp has 0% invested in Lifeway Foods, Inc. (NASDAQ:LWAY) for 140,000 shares. Ladenburg Thalmann Fin Svcs holds 0% of its portfolio in Lifeway Foods, Inc. (NASDAQ:LWAY) for 200 shares. The Texas-based Bridgeway Inc has invested 0.02% in Lifeway Foods, Inc. (NASDAQ:LWAY). Jpmorgan Chase holds 0% of its portfolio in Lifeway Foods, Inc. (NASDAQ:LWAY) for 486 shares. Teton Advisors Inc last reported 0.15% of its portfolio in the stock.
More recent Lifeway Foods, Inc. (NASDAQ:LWAY) news were published by: Forbes.com which released: “For Lifeway Foods, Carli Lloyd ‘Fair Play Means Fair Pay'” on September 16, 2016. Also Globenewswire.com published the news titled: “Lifeway Foods, Inc. Announces Results for the Second Quarter Ended June 30, 2016” on August 17, 2016. Globenewswire.com‘s news article titled: “Lifeway Foods, Inc. Appoints Jennifer Reilly as Senior Executive Vice …” with publication date: May 02, 2016 was also an interesting one.
LWAY Company Profile
Lifeway Foods, Inc. (Lifeway), incorporated on May 19, 1986, is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Firm is engaged in the sale of fermented dairy products, which are produced and are sold to clients 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 Company’s products reach clients across Canada and in London, England under third-party co-manufacturing agreements and in-country distributor arrangements.
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