Art's-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Rating) saw a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 5,300 shares, a decline of 34.6% from the December 15th total of 8,100 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company's stock are short sold.
Hedge Funds Weigh In On Art's-Way Manufacturing
Institutional investors have recently made changes to their positions in the stock. State Street Corp acquired a new position in Art's-Way Manufacturing during the 1st quarter valued at approximately $67,000. Jane Street Group LLC bought a new stake in Art's-Way Manufacturing in the first quarter valued at $76,000. Millennium Management LLC acquired a new position in shares of Art's-Way Manufacturing during the second quarter valued at $42,000. Virtu Financial LLC bought a new position in shares of Art's-Way Manufacturing during the first quarter worth about $104,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Art's-Way Manufacturing in the 3rd quarter worth about $42,000. 5.38% of the stock is owned by institutional investors.
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Wall Street Analyst Weigh In
ARTW has been the topic of several research analyst reports. TheStreet raised shares of Art's-Way Manufacturing from a "d+" rating to a "c" rating in a research report on Friday, October 14th. StockNews.com started coverage on Art's-Way Manufacturing in a research report on Monday. They issued a "hold" rating for the company.
Art's-Way Manufacturing Stock Performance
Shares of NASDAQ ARTW traded up $0.10 during midday trading on Thursday, hitting $2.63. The company's stock had a trading volume of 30 shares, compared to its average volume of 35,432. The firm has a market cap of $12.83 million, a P/E ratio of 28.11 and a beta of 0.41. Art's-Way Manufacturing has a 1-year low of $1.80 and a 1-year high of $7.70. The firm's fifty day moving average price is $2.01 and its 200-day moving average price is $2.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.43 and a current ratio of 1.46.
Art's-Way Manufacturing Company Profile
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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
- Get a free copy of the StockNews.com research report on Art's-Way Manufacturing (ARTW)
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