Somewhat Positive Press Coverage Somewhat Unlikely to Affect Lifeway Foods (LWAY) Stock Price
News coverage about Lifeway Foods (NASDAQ:LWAY) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lifeway Foods earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.8574220925866 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Lifeway Foods (NASDAQ:LWAY) traded up 0.77% on Monday, hitting $9.12. The company had a trading volume of 5,128 shares. The firm has a market capitalization of $146.54 million, a PE ratio of 93.06 and a beta of 0.64. Lifeway Foods has a 12-month low of $7.20 and a 12-month high of $18.48. The firm has a 50-day moving average price of $8.96 and a 200-day moving average price of $9.63.
Lifeway Foods announced that its Board of Directors has authorized a stock repurchase program on Monday, June 26th that allows the company to buyback $6.00 million in shares. This buyback authorization allows the company to purchase up to 4% of its stock through a tender offer. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Separately, Zacks Investment Research raised Lifeway Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, July 27th.
About Lifeway Foods
Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged 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.
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