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

Stock analysts at StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 3.4 %

ARTW opened at $1.68 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a 52 week low of $1.33 and a 52 week high of $4.15. The business’s fifty day simple moving average is $1.81 and its 200 day simple moving average is $1.74.

Institutional Trading of Art’s-Way Manufacturing

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Art’s-Way Manufacturing during the third quarter valued at $27,000. Geode Capital Management LLC boosted its stake in 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 buying an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Art’s-Way Manufacturing in the 4th quarter worth about $60,000. Institutional investors and hedge funds 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.