StockNews.com Initiates Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

Investment analysts at StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW – Get Rating) in a note issued to investors on Monday. The brokerage set a “hold” rating on the industrial products company’s stock.

Separately, TheStreet raised Art’s-Way Manufacturing from a “d+” rating to a “c” rating in a research note on Friday, October 14th.

Art’s-Way Manufacturing Price Performance

Art’s-Way Manufacturing stock opened at $2.25 on Monday. The company has a market cap of $10.98 million, a P/E ratio of 25.00 and a beta of 0.41. Art’s-Way Manufacturing has a one year low of $1.80 and a one year high of $7.70. The business has a fifty day moving average of $1.99 and a two-hundred day moving average of $2.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.43 and a current ratio of 1.46.

Institutional Trading of Art’s-Way Manufacturing

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in Art’s-Way Manufacturing by 15.8% during the 3rd quarter. Renaissance Technologies LLC now owns 64,003 shares of the industrial products company’s stock valued at $117,000 after buying an additional 8,729 shares during the last quarter. State Street Corp acquired a new stake in shares of Art’s-Way Manufacturing during the first quarter valued at $67,000. Jane Street Group LLC purchased a new stake in Art’s-Way Manufacturing during the 1st quarter worth about $76,000. Millennium Management LLC acquired a new position in Art’s-Way Manufacturing in the 2nd quarter valued at about $42,000. Finally, Virtu Financial LLC purchased a new position in Art’s-Way Manufacturing in the 1st quarter valued at about $104,000. Hedge funds and other institutional investors own 5.38% of the company’s stock.

About Art’s-Way Manufacturing

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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.