Art’s-Way Manufacturing (NASDAQ:ARTW) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research note issued on Thursday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Up 2.0 %

Shares of NASDAQ ARTW opened at $1.55 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $1.65 and its two-hundred day moving average price is $1.66. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $2.37.

Institutional Investors Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Jane Street Group LLC acquired a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.29% of Art’s-Way Manufacturing at the end of the most recent reporting period. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

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.