Art’s-Way Manufacturing (NASDAQ:ARTW – Get Free Report) posted its earnings results on Friday. The industrial products company reported ($0.03) EPS for the quarter, Zacks reports. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.
Art’s-Way Manufacturing Trading Down 0.3%
Shares of ARTW traded down $0.01 during mid-day trading on Friday, reaching $3.66. 13,440 shares of the company’s stock traded hands, compared to its average volume of 200,884. The stock’s 50-day moving average is $2.96 and its two-hundred day moving average is $2.67. The stock has a market cap of $19.03 million, a P/E ratio of -366.00 and a beta of 1.06. Art’s-Way Manufacturing has a 12 month low of $2.05 and a 12 month high of $4.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 0.61.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Art’s-Way Manufacturing from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
About Art’s-Way Manufacturing
Art’s-Way Manufacturing Co, Inc is an Iowa-based manufacturer of agricultural and specialty equipment. The company designs and produces machinery used in farming, livestock production, land maintenance, and related commercial applications.
Its product portfolio includes forage equipment, manure spreaders, bale processors, rotary cutters, seeders, grain handling equipment, land maintenance machinery, and other farm implements. Art’s-Way also manufactures truck bodies and other specialty products for commercial and industrial users.
Founded in 1956, Art’s-Way sells its products through a network of dealers serving agricultural and commercial customers in the United States, Canada, and selected international markets.
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