Art’s-Way Manufacturing (NASDAQ:ARTW) Releases Quarterly Earnings Results

Art’s-Way Manufacturing (NASDAQ:ARTW) announced its quarterly earnings results on Wednesday. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Art’s-Way Manufacturing had a net margin of 1.65% and a negative return on equity of 0.83%.

Art’s-Way Manufacturing Price Performance

NASDAQ:ARTW traded up $0.09 during trading hours on Wednesday, hitting $1.54. 87,070 shares of the company were exchanged, compared to its average volume of 83,013. The company’s 50 day moving average price is $1.66 and its 200-day moving average price is $1.71. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week high of $4.15. The company has a quick ratio of 0.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.21.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Art’s-Way Manufacturing in a research note on Thursday, April 3rd. They issued a “hold” rating for the company.

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.