Art’s-Way Manufacturing (NASDAQ:ARTW) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTWGet Rating) in a research note issued to investors on Monday. The firm set a “hold” rating on the industrial products company’s stock.

Separately, TheStreet raised Art’s-Way Manufacturing from a “d+” rating to a “c” rating in a research report on Friday, October 14th.

Art’s-Way Manufacturing Stock Performance

Shares of ARTW opened at $1.97 on Monday. The company has a current ratio of 1.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $9.61 million, a price-to-earnings ratio of 21.89 and a beta of 0.44. The stock has a 50 day moving average of $2.03 and a 200 day moving average of $2.29. Art’s-Way Manufacturing has a 12 month low of $1.80 and a 12 month high of $7.70.

Art’s-Way Manufacturing (NASDAQ:ARTWGet Rating) last released its earnings results on Wednesday, October 5th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a return on equity of 4.00% and a net margin of 1.47%. The business had revenue of $8.14 million during the quarter.

Institutional Trading of Art’s-Way Manufacturing

Large investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in Art’s-Way Manufacturing in the third quarter worth $42,000. Millennium Management LLC purchased a new stake in Art’s-Way Manufacturing in the second quarter worth $42,000. State Street Corp bought a new position in shares of Art’s-Way Manufacturing in the first quarter worth $67,000. Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing in the first quarter worth $76,000. Finally, Virtu Financial LLC bought a new position in shares of Art’s-Way Manufacturing in the first quarter worth $104,000. 5.89% of the stock is owned by hedge funds and other institutional investors.

About Art’s-Way Manufacturing

(Get Rating)

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. 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.

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