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

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

Art’s-Way Manufacturing Stock Down 1.2 %

Shares of NASDAQ ARTW opened at $1.65 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $4.15. The firm has a fifty day simple moving average of $1.72 and a two-hundred day simple moving average of $1.74.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing in the 3rd quarter worth about $27,000. Geode Capital Management LLC increased its stake in shares of Art’s-Way Manufacturing by 93.2% in the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 13,072 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Art’s-Way Manufacturing in the 4th quarter worth about $60,000. 2.91% of the stock is currently owned by institutional investors.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. 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 line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.