Art’s-Way Manufacturing (NASDAQ:ARTW) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ ARTW opened at $1.63 on Friday. The company has a current ratio of 1.98, a quick ratio of 0.42 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a 1 year low of $1.33 and a 1 year high of $4.15. The company has a 50-day moving average price of $1.61 and a 200-day moving average price of $1.69.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings results on Wednesday, April 9th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.14 million for the quarter. Art’s-Way Manufacturing had a net margin of 1.65% and a negative return on equity of 0.83%.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth approximately $60,000. Geode Capital Management LLC lifted its position in shares of Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after buying an additional 13,072 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.