Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.73 and traded as low as $1.65. Art’s-Way Manufacturing shares last traded at $1.71, with a volume of 16,993 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Art’s-Way Manufacturing in a research note on Wednesday. They set a “hold” rating on the stock.

Art’s-Way Manufacturing Trading Down 1.8 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.42. The business has a 50-day moving average price of $1.71 and a 200 day moving average price of $1.73.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several institutional investors and hedge funds have recently modified their holdings of ARTW. Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing in the 3rd quarter worth approximately $27,000. Geode Capital Management LLC increased its holdings in Art’s-Way Manufacturing by 93.2% in the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after buying an additional 13,072 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Art’s-Way Manufacturing in the 4th quarter worth about $60,000. 2.91% of the stock is currently owned by institutional investors.

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.