Art’s-Way Manufacturing (NASDAQ:ARTW) Releases Earnings Results

Art’s-Way Manufacturing (NASDAQ:ARTW) announced its quarterly earnings data on Friday. The industrial products company reported ($0.03) earnings per share for the quarter, Zacks reports. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.

Art’s-Way Manufacturing Price Performance

Shares of ARTW opened at $3.54 on Friday. The stock has a 50 day moving average of $2.99 and a 200-day moving average of $2.68. Art’s-Way Manufacturing has a 52 week low of $2.05 and a 52 week high of $4.17. The firm has a market cap of $18.41 million, a price-to-earnings ratio of -354.00 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 0.61 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Art’s-Way Manufacturing from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc is an Iowa-based manufacturer of agricultural and specialty equipment. The company designs and produces machinery used in farming, livestock production, land maintenance, and related commercial applications.

Its product portfolio includes forage equipment, manure spreaders, bale processors, rotary cutters, seeders, grain handling equipment, land maintenance machinery, and other farm implements. Art’s-Way also manufactures truck bodies and other specialty products for commercial and industrial users.

Founded in 1956, Art’s-Way sells its products through a network of dealers serving agricultural and commercial customers in the United States, Canada, and selected international markets.