Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.49 and traded as high as $3.07. Art’s-Way Manufacturing shares last traded at $2.95, with a volume of 20,443 shares traded.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded Art’s-Way Manufacturing from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on Art’s-Way Manufacturing
Art’s-Way Manufacturing Trading Down 0.3%
Art’s-Way Manufacturing (NASDAQ:ARTW – Get Free Report) last announced its earnings results on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a negative net margin of 0.08% and a negative return on equity of 0.16%. The company had revenue of $7.85 million for the quarter.
Hedge Funds Weigh In On Art’s-Way Manufacturing
A number of institutional investors and hedge funds have recently bought and sold shares of ARTW. Susquehanna International Group LLP acquired a new stake in Art’s-Way Manufacturing in the 3rd quarter valued at about $47,000. XTX Topco Ltd acquired a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth approximately $51,000. Dimensional Fund Advisors LP boosted its holdings in shares of Art’s-Way Manufacturing by 142.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 23,983 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at approximately $108,000. Finally, DRW Securities LLC purchased a new stake in shares of Art’s-Way Manufacturing in the fourth quarter valued at approximately $150,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.
Art’s-Way Manufacturing Company Profile
Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.
In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.
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