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

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

Art’s-Way Manufacturing Price Performance

Art’s-Way Manufacturing stock opened at $1.97 on Tuesday. Art’s-Way Manufacturing has a 12-month low of $1.85 and a 12-month high of $3.11. The stock has a market capitalization of $9.99 million, a P/E ratio of 9.95 and a beta of 0.39. The firm’s 50-day moving average is $2.04 and its two-hundred day moving average is $2.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.51 and a quick ratio of 0.38.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.09% and a negative net margin of 0.64%. The firm had revenue of $5.72 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARTW. Vanguard Group Inc. purchased a new position in shares of Art’s-Way Manufacturing during the 3rd quarter worth about $28,000. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing during the 3rd quarter worth about $42,000. Millennium Management LLC purchased a new position in shares of Art’s-Way Manufacturing during the 2nd quarter worth about $42,000. Susquehanna International Group LLP purchased a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth about $56,000. Finally, State Street Corp purchased a new position in Art’s-Way Manufacturing in the first quarter valued at approximately $67,000. 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 sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.