Art’s-Way Manufacturing (NASDAQ:ARTW) Shares Pass Below 200-Day Moving Average of $2.05

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.05 and traded as low as $1.99. Art’s-Way Manufacturing shares last traded at $1.99, with a volume of 705 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Art’s-Way Manufacturing in a research note on Wednesday. They issued a “hold” rating for the company.

Art’s-Way Manufacturing Price Performance

The business has a 50 day simple moving average of $2.04 and a 200-day simple moving average of $2.05. The company has a quick ratio of 0.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.29.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share for the quarter. The business had revenue of $5.72 million for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.09% and a negative net margin of 0.64%.

About Art’s-Way Manufacturing

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. 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.