Art’s-Way Manufacturing (NASDAQ:ARTW) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research note issued on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

Shares of ARTW stock opened at $2.06 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.54 and a current ratio of 1.60. The firm has a market cap of $10.32 million, a price-to-earnings ratio of 10.30 and a beta of 0.47. The firm’s 50-day simple moving average is $2.20 and its two-hundred day simple moving average is $2.42. Art’s-Way Manufacturing has a 52 week low of $1.82 and a 52 week high of $3.11.

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

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Art’s-Way Manufacturing by 15.8% in the third quarter. Renaissance Technologies LLC now owns 64,003 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 8,729 shares during the last quarter. Sweet Financial Partners LLC purchased a new position in shares of Art’s-Way Manufacturing in the second quarter worth about $102,000. Susquehanna International Group LLP bought a new stake in Art’s-Way Manufacturing in the fourth quarter valued at approximately $56,000. Citadel Advisors LLC purchased a new stake in shares of Art’s-Way Manufacturing during the third quarter valued at approximately $42,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in Art’s-Way Manufacturing during the 2nd quarter valued at $47,000. 4.39% of the stock is currently owned by institutional investors.

About Art’s-Way Manufacturing

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.