Equities research analysts at StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW – Get Free Report) in a research note issued to investors on Saturday. The brokerage set 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 company has a current ratio of 1.98, a quick ratio of 0.37 and a debt-to-equity ratio of 0.21. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15. The business’s 50-day simple moving average is $1.81 and its 200 day simple moving average is $1.74.
Institutional Investors Weigh In On Art’s-Way Manufacturing
Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in shares of Art’s-Way Manufacturing during the 4th quarter valued at about $60,000. Geode Capital Management LLC raised its holdings 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 buying an additional 13,072 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at about $27,000. 2.91% of the stock is currently owned by hedge funds and other 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.
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