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

StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report issued on Tuesday morning. The firm issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

Art’s-Way Manufacturing stock opened at $1.80 on Tuesday. The business has a 50-day simple moving average of $1.64 and a two-hundred day simple moving average of $1.70. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week high of $4.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98.

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 firm 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%.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A number of large investors have recently made changes to their positions in ARTW. Jane Street Group LLC purchased a new position in shares of Art’s-Way Manufacturing during the 3rd quarter valued at about $27,000. Virtu Financial LLC purchased a new position in shares of Art’s-Way Manufacturing during the 4th quarter valued at about $60,000. Finally, 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 valued at $59,000 after buying an additional 13,072 shares in the last quarter. 2.91% of the stock is currently owned by institutional investors.

About Art’s-Way Manufacturing

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.