Art’s-Way Manufacturing (NASDAQ:ARTW) Earns Hold Rating from Analysts at StockNews.com

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

Art’s-Way Manufacturing Price Performance

ARTW opened at $2.02 on Tuesday. Art’s-Way Manufacturing has a 1-year low of $1.85 and a 1-year high of $3.11. The company has a 50 day simple moving average of $2.05 and a two-hundred day simple moving average of $2.07. The company has a current ratio of 1.51, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.09% and a negative net margin of 0.64%. The company had revenue of $5.72 million for the quarter.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of ARTW. Vanguard Group Inc. raised its stake in Art’s-Way Manufacturing by 42.8% during the fourth quarter. Vanguard Group Inc. now owns 16,758 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 5,020 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Art’s-Way Manufacturing by 18.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,199 shares of the industrial products company’s stock valued at $68,000 after purchasing an additional 4,916 shares in the last quarter. Renaissance Technologies LLC raised its stake in Art’s-Way Manufacturing by 11.4% during the first quarter. Renaissance Technologies LLC now owns 63,574 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 6,500 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Art’s-Way Manufacturing during the fourth quarter valued at $56,000. Finally, Citadel Advisors LLC purchased a new stake in Art’s-Way Manufacturing during the third quarter valued at $42,000. Institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art's-Way Manufacturing Co, Inc manufactures and 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.