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

StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report sent to investors on Saturday. The firm issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Down 3.4 %

Shares of NASDAQ ARTW opened at $1.68 on Friday. The business’s 50 day moving average is $1.81 and its two-hundred day moving average is $1.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.37. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $4.15.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several large investors have recently added to or reduced their stakes in ARTW. Jane Street Group LLC bought a new stake in Art’s-Way Manufacturing during the third quarter worth approximately $27,000. Virtu Financial LLC bought a new stake in Art’s-Way Manufacturing during the fourth quarter worth approximately $60,000. Finally, Geode Capital Management LLC increased 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 during the last quarter. 2.91% of the stock is 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.