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

Research analysts at StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 2.0 %

Shares of ARTW opened at $1.50 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $4.15. The stock’s 50-day moving average is $1.68 and its two-hundred day moving average is $1.71.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Art’s-Way Manufacturing in the 3rd quarter worth $27,000. Geode Capital Management LLC increased its position in shares of Art’s-Way Manufacturing by 93.2% during the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Art’s-Way Manufacturing in the fourth quarter worth about $60,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Art’s-Way Manufacturing Company Profile

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.