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

StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report released on Wednesday morning. The firm issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 1.2 %

Shares of ARTW opened at $1.69 on Wednesday. Art’s-Way Manufacturing has a 12-month low of $1.33 and a 12-month high of $4.15. 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 company has a 50-day moving average of $1.71 and a two-hundred day moving average of $1.73.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing during the third quarter worth $27,000. Virtu Financial LLC purchased a new stake in shares of Art’s-Way Manufacturing in the fourth quarter valued at $60,000. Finally, Geode Capital Management LLC boosted its stake in shares of 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. Hedge funds and other 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.