Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Short Interest Update

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 1,900 shares, a decline of 44.1% from the September 15th total of 3,400 shares. Based on an average daily trading volume, of 57,400 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 57,400 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Insider Transactions at Art’s-Way Manufacturing

In other Art’s-Way Manufacturing news, CFO Michael William Woods sold 7,592 shares of Art’s-Way Manufacturing stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $3.31, for a total transaction of $25,129.52. Following the completion of the transaction, the chief financial officer owned 36,597 shares in the company, valued at approximately $121,136.07. The trade was a 17.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 52.80% of the company’s stock.

Art’s-Way Manufacturing Trading Down 3.2%

ARTW stock opened at $2.44 on Thursday. The company has a current ratio of 2.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.17. Art’s-Way Manufacturing has a 52-week low of $1.43 and a 52-week high of $4.71. The business has a 50-day simple moving average of $2.99 and a two-hundred day simple moving average of $2.44.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its earnings results on Tuesday, October 7th. The industrial products company reported $0.05 earnings per share for the quarter. Art’s-Way Manufacturing had a return on equity of 6.64% and a net margin of 10.43%.The firm had revenue of $6.43 million for the quarter.

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.