Art’s-Way Manufacturing (NASDAQ:ARTW) Releases Quarterly Earnings Results

Art’s-Way Manufacturing (NASDAQ:ARTW) announced its quarterly earnings results on Friday. The industrial products company reported ($0.03) EPS for the quarter, Zacks reports. Art’s-Way Manufacturing had a negative net margin of 0.08% and a negative return on equity of 0.16%.

Art’s-Way Manufacturing Stock Performance

Shares of NASDAQ ARTW traded down $0.01 during midday trading on Friday, hitting $3.66. 13,440 shares of the company’s stock were exchanged, compared to its average volume of 200,884. The firm has a market capitalization of $19.03 million, a PE ratio of -366.00 and a beta of 1.06. The company has a quick ratio of 0.61, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average price is $2.96 and its 200 day moving average price is $2.67. Art’s-Way Manufacturing has a 12 month low of $2.05 and a 12 month high of $4.17.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc is an Iowa-based manufacturer of agricultural and specialty equipment. The company designs and produces machinery used in farming, livestock production, land maintenance, and related commercial applications.

Its product portfolio includes forage equipment, manure spreaders, bale processors, rotary cutters, seeders, grain handling equipment, land maintenance machinery, and other farm implements. Art’s-Way also manufactures truck bodies and other specialty products for commercial and industrial users.

Founded in 1956, Art’s-Way sells its products through a network of dealers serving agricultural and commercial customers in the United States, Canada, and selected international markets.