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

Art’s-Way Manufacturing (NASDAQ:ARTW) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.06 earnings per share for the quarter, Zacks reports. Art’s-Way Manufacturing had a negative return on equity of 5.16% and a negative net margin of 2.92%.

Art’s-Way Manufacturing Stock Down 7.5 %

ARTW stock opened at $1.72 on Thursday. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week high of $4.15. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.55 and a quick ratio of 0.37. The company’s 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.73.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Art’s-Way Manufacturing in a report on Thursday, February 6th. They set a “hold” rating for the company.

Art’s-Way Manufacturing Company Profile

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.