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

Stock analysts at StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Down 3.0 %

Shares of ARTW stock opened at $1.59 on Friday. Art’s-Way Manufacturing has a twelve month low of $1.33 and a twelve month high of $4.15. The company has a current ratio of 1.98, a quick ratio of 0.42 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $1.83 and a two-hundred day simple moving average of $1.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARTW. Virtu Financial LLC purchased a new stake in shares of Art’s-Way Manufacturing in the 4th quarter worth approximately $60,000. Jane Street Group LLC bought a new position in Art’s-Way Manufacturing in the third quarter worth approximately $27,000. Finally, Geode Capital Management LLC lifted its holdings 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 buying an additional 13,072 shares during the period. 2.91% of the stock is currently owned by 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.