Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.71 and traded as low as $2.37. Art’s-Way Manufacturing shares last traded at $2.48, with a volume of 19,671 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Art’s-Way Manufacturing Stock Up 4.2%

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.53. The company has a market cap of $12.67 million, a PE ratio of 24.80 and a beta of 0.71. The business’s 50 day moving average is $2.32 and its 200-day moving average is $2.71.

Institutional Trading of Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Susquehanna International Group LLP acquired a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,906 shares of the industrial products company’s stock, valued at approximately $47,000. Susquehanna International Group LLP owned approximately 0.37% of Art’s-Way Manufacturing as of its most recent filing with the SEC. 2.91% of the stock is owned by institutional investors.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.