Lifeway Foods saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 87 to 96.
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The new score means the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Lifeway Foods is now out of buy range 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 63 EPS Rating, which tracks quarterly and annual earnings-per-share 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.
In Q2, the company posted 12% earnings-per-share growth. Sales growth climbed 10%, up from 3% in the prior report. That marks one quarter of increasing revenue growth.
Lifeway Foods holds 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.
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