Art’s-Way Manufacturing (NASDAQ:ARTW) Earns Hold Rating from Analysts at StockNews.com

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

Art’s-Way Manufacturing Price Performance

Shares of ARTW opened at $1.99 on Tuesday. Art’s-Way Manufacturing has a 1 year low of $1.85 and a 1 year high of $3.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 1.51. The business has a 50-day moving average of $2.05 and a 200-day moving average of $2.07.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share for the quarter. The business had revenue of $5.72 million during the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.09% and a negative net margin of 0.64%.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A number of hedge funds have recently added to or reduced their stakes in ARTW. Susquehanna International Group LLP acquired a new stake in Art’s-Way Manufacturing in the fourth quarter valued at approximately $56,000. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing during the third quarter valued at approximately $42,000. Virtu Financial LLC purchased a new position in shares of Art’s-Way Manufacturing during the first quarter valued at approximately $104,000. Renaissance Technologies LLC boosted its position in shares of Art’s-Way Manufacturing by 44.0% during the second quarter. Renaissance Technologies LLC now owns 55,274 shares of the industrial products company’s stock valued at $164,000 after buying an additional 16,900 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Art’s-Way Manufacturing during the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

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