Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.66 and traded as high as $2.73. Art’s-Way Manufacturing shares last traded at $2.62, with a volume of 17,380 shares.
Analysts Set New Price Targets
Separately, Weiss Ratings raised Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.
Read Our Latest Research Report on ARTW
Art’s-Way Manufacturing Stock Performance
Art’s-Way Manufacturing (NASDAQ:ARTW – Get Free Report) last issued its quarterly earnings results on Monday, April 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $6.64 million for the quarter. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%.
Hedge Funds Weigh In On Art’s-Way Manufacturing
A number of institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new stake in shares of Art’s-Way Manufacturing during the third quarter valued at approximately $108,000. Susquehanna International Group LLP acquired a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at approximately $47,000. Dimensional Fund Advisors LP increased its holdings in shares of Art’s-Way Manufacturing by 142.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 23,983 shares in the last quarter. Renaissance Technologies LLC raised its position in Art’s-Way Manufacturing by 94.3% in the 4th quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 60,400 shares during the last quarter. Finally, DRW Securities LLC bought a new position in Art’s-Way Manufacturing in the 4th quarter worth approximately $150,000. 2.91% of the stock is owned by institutional investors.
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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