Art’s-Way Manufacturing (NASDAQ:ARTW) Downgraded to “D+” at TheStreet

Art’s-Way Manufacturing (NASDAQ:ARTW – Get Rating) was downgraded by equities research analysts at TheStreet from a “c” rating to a “d+” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.

Shares of NASDAQ:ARTW opened at $2.84 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.29 and a current ratio of 1.49. Art’s-Way Manufacturing has a 52-week low of $2.66 and a 52-week high of $7.70. The business’s 50 day simple moving average is $4.55 and its two-hundred day simple moving average is $3.92. The firm has a market cap of $13.18 million, a P/E ratio of 142.07 and a beta of 0.63.

Art’s-Way Manufacturing (NASDAQ:ARTW – Get Rating) last issued its earnings results on Tuesday, February 8th. The industrial products company reported $0.09 earnings per share for the quarter. Art’s-Way Manufacturing had a return on equity of 1.22% and a net margin of 0.48%. The company had revenue of $7.26 million for the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of ARTW. Citadel Advisors LLC purchased a new stake in shares of Art’s-Way Manufacturing in the second quarter worth approximately $40,000. Sweet Financial Partners LLC bought a new stake in Art’s-Way Manufacturing during the fourth quarter worth $155,000. Finally, Sigma Planning Corp bought a new stake in Art’s-Way Manufacturing during the first quarter worth $274,000. 5.38% of the stock is owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Company Profile (Get Rating)

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.

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