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

Investment analysts at StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report issued on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Down 1.8 %

NASDAQ ARTW opened at $1.66 on Wednesday. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week 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 firm’s 50 day moving average price is $1.71 and its 200-day moving average price is $1.73.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ARTW. Jane Street Group LLC purchased a new position in shares of Art’s-Way Manufacturing in the 3rd quarter worth approximately $27,000. Geode Capital Management LLC boosted its stake in Art’s-Way Manufacturing by 93.2% in the fourth 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 purchased a new position in Art’s-Way Manufacturing in the fourth quarter worth $60,000. 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.