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

StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Down 2.0 %

Shares of ARTW stock opened at $1.50 on Thursday. The firm has a fifty day moving average of $1.68 and a two-hundred day moving average of $1.71. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.42.

Institutional Trading of Art’s-Way Manufacturing

Several hedge funds and other institutional investors have recently bought and sold shares of ARTW. Jane Street Group LLC bought a new position in Art’s-Way Manufacturing during the 3rd quarter worth approximately $27,000. Geode Capital Management LLC raised its position in shares of Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 13,072 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Art’s-Way Manufacturing during the 4th quarter valued at approximately $60,000. 2.91% of the stock is 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.