Art’s-Way Manufacturing (NASDAQ:ARTW) Coverage Initiated by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report released on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

Shares of ARTW opened at $1.58 on Friday. The stock has a fifty day moving average price of $1.63 and a 200 day moving average price of $1.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $4.15.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its earnings results on Wednesday, April 9th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a net margin of 1.65% and a negative return on equity of 0.83%. The firm had revenue of $5.14 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ARTW. Jane Street Group LLC acquired a new position in shares of Art’s-Way Manufacturing during the third quarter valued at $27,000. Virtu Financial LLC bought a new stake in shares of Art’s-Way Manufacturing during the 4th quarter worth about $60,000. Finally, Geode Capital Management LLC lifted its stake in shares of Art’s-Way Manufacturing by 93.2% in the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 13,072 shares during the period. Institutional investors and hedge funds own 2.91% of the company’s stock.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.