The IBD SmartSelect Composite Rating for Lifeway Foods rose from 94 to 96 Thursday.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Lifeway Foods has now climbed above a proper buy zone after breaking out from a 27.29 entry in a consolidation. Keep in mind that it's a thinly traded stock, with average daily dollar volume under $8 million.
One weak spot is the company's 62 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported 12% earnings growth for Q2. Top line growth climbed 10%, up from 3% in the prior quarter. That marks one quarter of accelerating revenue gains.
Lifeway Foods earns the No. 1 rank among its peers in the Food-Dairy Products industry group. Oatly Group ADR and Danone ADR are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
