Stock analysts at StockNews.com began coverage on shares of Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) in a note issued to investors on Friday. The brokerage set a "hold" rating on the industrial products company's stock.
Separately, TheStreet upgraded shares of Art's-Way Manufacturing from a "d+" rating to a "c" rating in a research note on Friday, October 14th.
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Art's-Way Manufacturing Price Performance
ARTW opened at $1.90 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.43 and a current ratio of 1.46. The stock has a market capitalization of $9.27 million, a P/E ratio of 21.11 and a beta of 0.42. The company's 50-day simple moving average is $2.00 and its two-hundred day simple moving average is $2.21. Art's-Way Manufacturing has a 52-week low of $1.80 and a 52-week high of $7.70.
Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) last posted its earnings results on Wednesday, October 5th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $8.14 million for the quarter. Art's-Way Manufacturing had a net
margin of 1.47% and a return on equity of 4.00%.
Institutional Investors Weigh In On Art's-Way Manufacturing
Several hedge funds and other institutional investors have recently made changes to their positions in ARTW. Citadel Advisors LLC purchased a new stake in shares of Art's-Way Manufacturing during the 3rd quarter valued at about $42,000. Millennium Management LLC purchased a new stake in shares of Art's-Way Manufacturing during the 2nd quarter valued at about $42,000. State Street Corp purchased a new stake in shares of Art's-Way Manufacturing during the 1st quarter valued at about $67,000. Jane Street Group LLC purchased a new stake in shares of Art's-Way Manufacturing during the 1st quarter valued at about $76,000. Finally, Virtu Financial LLC purchased a new stake in shares of Art's-Way Manufacturing during the 1st quarter valued at about $104,000. 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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