Art’s-Way Manufacturing (NASDAQ:ARTW) Share Price Passes Below 200 Day Moving Average – Here’s Why

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.72 and traded as low as $2.44. Art’s-Way Manufacturing shares last traded at $2.47, with a volume of 27,059 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Art’s-Way Manufacturing Trading Up 0.4%

The firm has a market cap of $12.62 million, a P/E ratio of 24.70 and a beta of 0.71. The company has a current ratio of 2.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average price is $2.34 and its two-hundred day moving average price is $2.72.

Hedge Funds Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Susquehanna International Group LLP bought a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,906 shares of the industrial products company’s stock, valued at approximately $47,000. Susquehanna International Group LLP owned about 0.37% of Art’s-Way Manufacturing as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

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.