Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Director Randall C. Ramsey Purchases 6,800 Shares of Stock

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) Director Randall C. Ramsey acquired 6,800 shares of the business’s stock in a transaction on Thursday, April 10th. The shares were purchased at an average price of $1.50 per share, for a total transaction of $10,200.00. Following the transaction, the director now directly owns 67,709 shares of the company’s stock, valued at approximately $101,563.50. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Art’s-Way Manufacturing Price Performance

Shares of ARTW stock opened at $1.54 on Friday. The stock has a 50 day moving average price of $1.65 and a 200 day moving average price of $1.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.42. Art’s-Way Manufacturing Co., Inc. has a 52-week low of $1.33 and a 52-week high of $4.15.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its earnings results on Wednesday, April 9th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $5.14 million for the quarter. Art’s-Way Manufacturing had a net margin of 1.65% and a negative return on equity of 0.83%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Art’s-Way Manufacturing in a research report on Friday. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several large investors have recently added to or reduced their stakes in ARTW. Jane Street Group LLC purchased a new position in shares of Art’s-Way Manufacturing during the third quarter worth approximately $27,000. Geode Capital Management LLC grew its stake in Art’s-Way Manufacturing by 93.2% in the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 13,072 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Art’s-Way Manufacturing during the 4th quarter worth $60,000. 2.91% of the stock is owned by hedge funds and other 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.