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

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

Art’s-Way Manufacturing Stock Performance

Shares of NASDAQ:ARTW opened at $1.97 on Tuesday. The stock has a market capitalization of $9.99 million, a price-to-earnings ratio of 9.95 and a beta of 0.39. The business’s fifty day moving average price is $2.04 and its two-hundred day moving average price is $2.06. Art’s-Way Manufacturing has a fifty-two week low of $1.85 and a fifty-two week high of $3.11. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.51 and a quick ratio of 0.38.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.09% and a negative net margin of 0.64%. The firm had revenue of $5.72 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. bought a new position in Art’s-Way Manufacturing in the 3rd quarter valued at $28,000. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at $42,000. Millennium Management LLC bought a new position in shares of Art’s-Way Manufacturing in the second quarter valued at about $42,000. Susquehanna International Group LLP acquired a new position in Art’s-Way Manufacturing during the 4th quarter worth about $56,000. Finally, State Street Corp bought a new stake in Art’s-Way Manufacturing during the 1st quarter worth about $67,000. 2.91% of the stock is owned by institutional investors and hedge funds.

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.