StockNews.com Begins Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

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

Art’s-Way Manufacturing Price Performance

NASDAQ ARTW opened at $1.67 on Tuesday. The business’s 50-day moving average is $1.72 and its 200 day moving average is $1.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.42. Art’s-Way Manufacturing has a 1 year low of $1.33 and a 1 year high of $4.15.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings 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 acquiring an additional 13,072 shares during the last quarter. Virtu Financial LLC purchased a new position in Art’s-Way Manufacturing in the 4th quarter worth approximately $60,000. Finally, Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing in the 3rd quarter worth approximately $27,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

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.