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

Equities research analysts at StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report released on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Up 4.3%

Shares of NASDAQ ARTW opened at $1.79 on Tuesday. The business has a fifty day simple moving average of $1.63 and a 200 day simple moving average of $1.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. Art’s-Way Manufacturing has a one year low of $1.33 and a one year 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 firm had revenue of $5.14 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in Art’s-Way Manufacturing during the third quarter worth $27,000. Geode Capital Management LLC increased its stake 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 buying an additional 13,072 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Art’s-Way Manufacturing in the fourth quarter valued at $60,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

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.