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

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

Art’s-Way Manufacturing Stock Up 0.3 %

Shares of ARTW stock opened at $1.74 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $1.80 and a 200 day moving average price of $1.73. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several large investors have recently modified their holdings of ARTW. Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing during the 3rd quarter worth approximately $27,000. Geode Capital Management LLC raised 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 worth $59,000 after acquiring an additional 13,072 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Art’s-Way Manufacturing during the fourth quarter valued at $60,000. 2.91% of the stock is currently owned by institutional investors.

About Art’s-Way Manufacturing

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.