Art’s-Way Manufacturing (NASDAQ:ARTW) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report published on Tuesday morning. The firm issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

Shares of NASDAQ:ARTW opened at $1.80 on Tuesday. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. The business has a fifty day moving average price of $1.64 and a 200-day moving average price of $1.70.

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

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in Art’s-Way Manufacturing in the 4th quarter worth about $60,000. 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, Jane Street Group LLC bought a new stake in Art’s-Way Manufacturing in the 3rd quarter worth about $27,000. 2.91% of the stock is currently owned by institutional investors.

About Art’s-Way Manufacturing

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.