Art’s-Way Manufacturing (NASDAQ:ARTW) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

NASDAQ ARTW opened at $2.10 on Wednesday. The stock has a fifty day simple moving average of $2.29 and a 200-day simple moving average of $2.45. Art’s-Way Manufacturing has a twelve month low of $1.82 and a twelve month high of $3.11. The stock has a market cap of $10.52 million, a PE ratio of 10.50 and a beta of 0.47. The company has a current ratio of 1.60, a quick ratio of 0.54 and a debt-to-equity ratio of 0.28.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its quarterly earnings data on Wednesday, October 11th. The industrial products company reported $0.05 earnings per share for the quarter. The company had revenue of $8.12 million during the quarter. Art’s-Way Manufacturing had a return on equity of 8.46% and a net margin of 3.03%.

Institutional Trading of Art’s-Way Manufacturing

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its holdings in Art’s-Way Manufacturing by 11.4% during the 1st quarter. Renaissance Technologies LLC now owns 63,574 shares of the industrial products company’s stock worth $125,000 after buying an additional 6,500 shares in the last quarter. State Street Corp bought a new position in Art’s-Way Manufacturing in the first quarter valued at approximately $67,000. Jane Street Group LLC acquired a new stake in Art’s-Way Manufacturing in the first quarter valued at approximately $76,000. Millennium Management LLC acquired a new position in shares of Art’s-Way Manufacturing during the second quarter worth $42,000. Finally, Virtu Financial LLC bought a new stake in Art’s-Way Manufacturing during the first quarter valued at $104,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

Art’s-Way Manufacturing Company Profile

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.