StockNews.com Initiates Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

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

Art’s-Way Manufacturing Stock Performance

Art’s-Way Manufacturing stock opened at $1.94 on Wednesday. The stock has a 50-day simple moving average of $2.03 and a 200 day simple moving average of $2.05. The company has a quick ratio of 0.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.29. Art’s-Way Manufacturing has a 12-month low of $1.85 and a 12-month high of $2.90. The stock has a market capitalization of $9.84 million, a price-to-earnings ratio of 9.80 and a beta of 0.39.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly 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 net margin of 0.64% and a negative return on equity of 0.09%. The business had revenue of $5.72 million during the quarter.

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.