Art’s-Way Manufacturing (NASDAQ:ARTW) Earns Hold Rating from Analysts at StockNews.com

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

Art’s-Way Manufacturing Stock Up 2.4 %

NASDAQ ARTW opened at $1.72 on Friday. The business’s fifty day moving average is $1.81 and its 200-day moving average is $1.74. The company has a current ratio of 1.98, a quick ratio of 0.37 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in Art’s-Way Manufacturing during the 3rd quarter valued at about $27,000. Geode Capital Management LLC grew its holdings in shares of Art’s-Way Manufacturing by 93.2% in the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Art’s-Way Manufacturing in the fourth quarter worth $60,000. Institutional investors own 2.91% of the company’s stock.

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.