Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Passes Below 200 Day Moving Average – What’s Next?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.73 and traded as low as $1.65. Art’s-Way Manufacturing shares last traded at $1.71, with a volume of 16,993 shares.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Art’s-Way Manufacturing in a research note on Wednesday. They issued a “hold” rating for the company.

Art’s-Way Manufacturing Price Performance

The business’s 50 day moving average price is $1.71 and its 200 day moving average price is $1.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in Art’s-Way Manufacturing during the 3rd quarter worth approximately $27,000. Geode Capital Management LLC boosted its stake in shares of Art’s-Way Manufacturing by 93.2% during the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Art’s-Way Manufacturing in the 4th quarter worth approximately $60,000. 2.91% of the stock is currently owned by institutional investors and hedge funds.

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.