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

Investment analysts at StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report released on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

Art’s-Way Manufacturing stock opened at $1.77 on Friday. Art’s-Way Manufacturing has a 52-week low of $1.77 and a 52-week high of $2.90. The firm has a market capitalization of $8.98 million, a price-to-earnings ratio of 8.90 and a beta of 0.42. The company has a fifty day simple moving average of $1.97 and a 200-day simple moving average of $2.02. The company has a quick ratio of 0.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.29.

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

About Art’s-Way Manufacturing

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.