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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.46 and traded as low as $2.11. Art’s-Way Manufacturing shares last traded at $2.19, with a volume of 8,371 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 Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Art’s-Way Manufacturing presently has a consensus rating of “Hold”.

Art’s-Way Manufacturing Trading Up 2.3%

The company has a quick ratio of 0.61, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $2.54 and its two-hundred day simple moving average is $2.46. The company has a market cap of $11.39 million, a price-to-earnings ratio of -219.00 and a beta of 0.95.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its quarterly earnings data on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share for the quarter. The business had revenue of $7.85 million during the quarter. Art’s-Way Manufacturing had a negative net margin of 0.08% and a negative return on equity of 0.16%.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several large investors have recently bought and sold shares of ARTW. Susquehanna International Group LLP acquired a new stake in shares of Art’s-Way Manufacturing during the third quarter worth about $47,000. XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing in the 4th quarter valued at about $51,000. Dimensional Fund Advisors LP grew its stake in Art’s-Way Manufacturing by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock worth $93,000 after buying an additional 3,899 shares during the last quarter. Citadel Advisors LLC purchased a new position in Art’s-Way Manufacturing during the 3rd quarter worth approximately $108,000. Finally, DRW Securities LLC acquired a new position in Art’s-Way Manufacturing during the fourth quarter worth approximately $150,000. Institutional investors and hedge funds 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.