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

StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report report published on Monday morning. The firm issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 0.3 %

Shares of NASDAQ ARTW opened at $1.77 on Monday. The company has a quick ratio of 0.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a 12-month low of $1.33 and a 12-month high of $4.15. The company has a 50-day moving average of $1.62 and a 200 day moving average of $1.69.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly 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 company had revenue of $5.14 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Art’s-Way Manufacturing during the third quarter worth about $27,000. Virtu Financial LLC purchased a new stake in shares of Art’s-Way Manufacturing in the 4th quarter valued at approximately $60,000. Finally, Geode Capital Management LLC increased its holdings in shares of Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after buying an additional 13,072 shares during the last quarter. 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 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.