Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.74 and traded as low as $1.62. Art’s-Way Manufacturing shares last traded at $1.68, with a volume of 21,482 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Art’s-Way Manufacturing in a research note on Saturday. They issued a “hold” rating on the stock.

Art’s-Way Manufacturing Trading Down 3.4 %

The business has a 50 day moving average of $1.81 and a two-hundred day moving average of $1.74. The company has a quick ratio of 0.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.21.

Institutional Investors Weigh In On Art’s-Way Manufacturing

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

About Art’s-Way Manufacturing

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.