Initiates Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

Investment analysts at assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTWGet Rating) in a report released on Monday. The brokerage set a “hold” rating on the industrial products company’s stock.

Separately, TheStreet cut Art’s-Way Manufacturing from a “c” rating to a “d+” rating in a report on Wednesday, February 1st.

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock opened at $2.03 on Monday. The company has a market capitalization of $10.20 million, a PE ratio of 101.50 and a beta of 0.51. Art’s-Way Manufacturing has a 12 month low of $1.80 and a 12 month high of $7.70. The company has a current ratio of 1.53, a quick ratio of 0.38 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $2.30 and its 200 day simple moving average is $2.14.

Institutional Trading of Art’s-Way Manufacturing

A number of institutional investors have recently bought and sold shares of ARTW. Susquehanna International Group LLP acquired a new position in shares of Art’s-Way Manufacturing during the fourth quarter valued at about $56,000. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter worth about $42,000. Renaissance Technologies LLC raised its holdings in shares of Art’s-Way Manufacturing by 15.8% in the 3rd quarter. Renaissance Technologies LLC now owns 64,003 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 8,729 shares during the last quarter. Millennium Management LLC purchased a new stake in Art’s-Way Manufacturing in the 2nd quarter valued at about $42,000. Finally, Virtu Financial LLC purchased a new stake in Art’s-Way Manufacturing in the 1st quarter valued at about $104,000. Institutional investors own 5.38% of the company’s stock.

About Art’s-Way Manufacturing

(Get Rating)

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm machinery niche products. It operates through the following segments: Agricultural Products, Modular Buildings and Tools. 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 crop production line that includes grain drill equipment, a line of hay and forage equipment consisting of forage boxes, blowers, running gear, dump boxes and mergers, stalk shredders, a line of portable grain augers, a line of manure spreaders, sugar beet harvesting equipment, a line of land maintenance equipment, moldboard plows, potato harvesters, and reels for combines and swathers.

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