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

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

Art’s-Way Manufacturing Stock Up 15.0%

Shares of NASDAQ ARTW opened at $1.99 on Wednesday. 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 one year low of $1.33 and a one year high of $4.15. The company’s fifty day moving average is $1.65 and its two-hundred day moving average is $1.70.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings data on Wednesday, April 9th. The industrial products company reported ($0.01) 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 company had revenue of $5.14 million during the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A hedge fund recently raised its stake in Art’s-Way Manufacturing stock. Geode Capital Management LLC boosted its position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) by 93.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,094 shares of the industrial products company’s stock after purchasing an additional 13,072 shares during the quarter. Geode Capital Management LLC owned approximately 0.54% of Art’s-Way Manufacturing worth $59,000 at the end of the most recent reporting period. 2.91% of the stock is currently owned by institutional investors and hedge funds.

Art’s-Way Manufacturing Company Profile

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.