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

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

Art’s-Way Manufacturing Trading Up 22.6 %

NASDAQ:ARTW opened at $2.44 on Friday. Art’s-Way Manufacturing has a 1 year low of $1.33 and a 1 year high of $2.55. The company has a current ratio of 1.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $1.64 and a two-hundred day moving average price of $1.66.

Institutional Inflows and Outflows

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

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.