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

Stock analysts at StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 1.5 %

Shares of ARTW opened at $1.58 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. The firm’s 50-day simple moving average is $1.63 and its two-hundred day simple moving average is $1.69. Art’s-Way Manufacturing has a fifty-two week low of $1.33 and a fifty-two week high of $4.15.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its earnings results on Wednesday, April 9th. The industrial products company reported ($0.01) 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 business had revenue of $5.14 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at $27,000. Geode Capital Management LLC lifted its position in shares of Art’s-Way Manufacturing by 93.2% in the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 13,072 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Art’s-Way Manufacturing in the fourth quarter worth about $60,000. 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.