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

StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report report published on Sunday. The brokerage issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Down 3.6 %

NASDAQ ARTW opened at $1.88 on Friday. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $4.15. The stock’s 50 day moving average is $1.73 and its two-hundred day moving average is $1.69. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC purchased a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.29% of Art’s-Way Manufacturing as of its most recent SEC filing. 2.91% of the stock is currently owned by institutional investors and hedge funds.

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.