StockNews.com assumed coverage on shares of Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the industrial products company's stock.

Separately, TheStreet upgraded Art's-Way Manufacturing from a d+ rating to a c rating in a research note on Friday, October 14th.

Art's-Way Manufacturing Trading Down 0.5 %

NASDAQ:ARTW opened at $1.92 on Wednesday. The firm has a market cap of $9.37 million, a P/E ratio of 21.33 and a beta of 0.42. The company has a current ratio of 1.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.33. The stock's 50 day simple moving average is $2.02 and its 200-day simple moving average is $2.25. Art's-Way Manufacturing has a 12-month low of $1.80 and a 12-month high of $7.70.

Institutional Trading of Art's-Way Manufacturing

A number of institutional investors have recently modified their holdings of ARTW. State Street Corp purchased a new stake in shares of Art's-Way Manufacturing in the first quarter valued at approximately $67,000. Jane Street Group LLC purchased a new stake in Art's-Way Manufacturing during the first quarter worth $76,000. Virtu Financial LLC purchased a new stake in Art's-Way Manufacturing during the first quarter worth $104,000. Renaissance Technologies LLC boosted its position in Art's-Way Manufacturing by 44.0% during the second quarter. Renaissance Technologies LLC now owns 55,274 shares of the industrial products company's stock worth $164,000 after purchasing an additional 16,900 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Art's-Way Manufacturing during the second quarter worth $42,000. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

About Art's-Way Manufacturing

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Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. 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.

Further Reading

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