Art’s-Way Manufacturing (NASDAQ:ARTW) Issues Quarterly Earnings Results

Art’s-Way Manufacturing (NASDAQ:ARTW) issued its earnings results on Tuesday. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, Zacks reports. Art’s-Way Manufacturing had a negative net margin of 2.92% and a negative return on equity of 5.16%.

Art’s-Way Manufacturing Stock Down 1.6 %

NASDAQ ARTW traded down $0.03 on Tuesday, reaching $1.84. The company’s stock had a trading volume of 34,514 shares, compared to its average volume of 199,040. The business has a 50-day moving average price of $1.78 and a 200 day moving average price of $1.73. Art’s-Way Manufacturing has a 52 week low of $1.33 and a 52 week high of $4.15. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.37 and a current ratio of 1.55.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Art’s-Way Manufacturing in a research note on Thursday, February 6th. They issued a “hold” rating for the company.

About Art’s-Way Manufacturing

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.