StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW – Free Report) in a report issued on Monday. The firm issued a hold rating on the industrial products company’s stock.
Art’s-Way Manufacturing Stock Performance
Shares of NASDAQ ARTW opened at $1.66 on Monday. The stock’s 50-day moving average is $1.75 and its two-hundred day moving average is $1.75. 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 1-year low of $1.33 and a 1-year high of $4.15.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Art’s-Way Manufacturing in the 4th quarter valued at about $60,000. Geode Capital Management LLC increased its holdings in shares of 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 valued at $59,000 after acquiring an additional 13,072 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Art’s-Way Manufacturing in the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.
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.
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