Art's-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Rating)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.22 and traded as low as $1.87. Art's-Way Manufacturing shares last traded at $1.87, with a volume of 4,472 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the stock. TheStreet raised shares of Art's-Way Manufacturing from a "d+" rating to a "c" rating in a research note on Friday, October 14th. StockNews.com began coverage on shares of Art's-Way Manufacturing in a research note on Thursday, December 15th. They issued a "hold" rating on the stock.
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Art's-Way Manufacturing Stock Performance
The company has a quick ratio of 0.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. The company has a market cap of $9.13 million, a PE ratio of 20.78 and a beta of 0.42. The business's fifty day moving average is $2.00 and its 200-day moving average is $2.22.
Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) last issued its earnings results on Wednesday, October 5th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. Art's-Way Manufacturing had a net
margin of 1.47% and a return on equity of 4.00%. The firm had revenue of $8.14 million during the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of ARTW. Citadel Advisors LLC acquired a new stake in Art's-Way Manufacturing during the third quarter worth approximately $42,000. Virtu Financial LLC bought a new position in shares of Art's-Way Manufacturing during the first quarter valued at approximately $104,000. Renaissance Technologies LLC grew its holdings in Art's-Way Manufacturing by 44.0% in the 2nd quarter. Renaissance Technologies LLC now owns 55,274 shares of the industrial products company's stock worth $164,000 after buying an additional 16,900 shares in the last quarter. Millennium Management LLC bought a new position in Art's-Way Manufacturing during the 2nd quarter valued at $42,000. Finally, Jane Street Group LLC acquired a new stake in shares of Art's-Way Manufacturing during the first quarter worth $76,000. Hedge funds and other institutional investors own 5.38% of the company's stock.
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.
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