StockNews.com Initiates Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

Analysts at StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report issued on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Up 2.2 %

NASDAQ:ARTW opened at $1.99 on Wednesday. Art’s-Way Manufacturing has a one year low of $1.85 and a one year high of $2.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 1.51. The firm has a 50-day simple moving average of $2.04 and a 200-day simple moving average of $2.05.

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

About Art’s-Way Manufacturing

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.