pre_text: ITEM 5 MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Our common stock is listed on the Nasdaq Global Market under the symbol “LWAY.” Trading commenced on March 29, 1988. As of March 16, 2020, there were approximately 147 holders of record of Lifeway’s Common Stock. Common stock price The following table shows the high and low sale prices per share of our common stock as reported on the Nasdaq Global Market for each quarter during the two most recent fiscal years:
table: Common Stock Price Range 2018
table: Low High
table: First Quarter $ 5.99 $ 8.40
table: Second Quarter $ 4.79 $ 6.48
table: Third Quarter $ 2.66 $ 4.63
table: Fourth Quarter $ 1.88 $ 3.39
question: Analyse this data from a financial earnings document. What is the average quarterly low price in 2018?