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

StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTWFree Report) in a research note released on Thursday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

NASDAQ:ARTW opened at $1.53 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. The business has a fifty day moving average price of $1.68 and a 200-day moving average price of $1.72. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15.

Institutional Trading of Art’s-Way Manufacturing

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing during the 3rd quarter valued at approximately $27,000. Virtu Financial LLC purchased a new position in Art’s-Way Manufacturing during the fourth quarter worth $60,000. Finally, Geode Capital Management LLC increased its position in 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. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Company Profile

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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.

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