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

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

Art’s-Way Manufacturing Trading Down 1.5 %

Shares of ARTW opened at $1.58 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $1.63 and its 200-day moving average is $1.69. Art’s-Way Manufacturing has a 12-month low of $1.33 and a 12-month high of $4.15.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly earnings results on Wednesday, April 9th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.14 million during the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.83% and a net margin of 1.65%.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of hedge funds and other institutional investors have recently modified their holdings of ARTW. Geode Capital Management LLC lifted its stake in 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 buying an additional 13,072 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Art’s-Way Manufacturing during the fourth quarter valued at approximately $60,000. Finally, Jane Street Group LLC purchased a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter valued at approximately $27,000. 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.