Analysts at StockNews.com began coverage on shares of Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) in a research note issued to investors on Tuesday. The firm set 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 report on Friday, October 14th.
Get Art's-Way Manufacturing alerts:Art's-Way Manufacturing Price Performance
Art's-Way Manufacturing stock opened at $2.58 on Tuesday. The stock has a market capitalization of $12.59 million, a price-to-earnings ratio of 28.67 and a beta of 0.41. Art's-Way Manufacturing has a 52-week low of $1.80 and a 52-week high of $7.70. The stock's 50 day moving average price is $2.06 and its two-hundred 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.
Hedge Funds Weigh In On Art's-Way Manufacturing
A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its holdings in shares of Art's-Way Manufacturing by 15.8% in the 3rd quarter. Renaissance Technologies LLC now owns 64,003 shares of the industrial products company's stock worth $117,000 after purchasing an additional 8,729 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Art's-Way Manufacturing in the 3rd quarter valued at $42,000. Virtu Financial LLC purchased a new stake in Art's-Way Manufacturing in the 1st quarter valued at $104,000. Millennium Management LLC purchased a new stake in Art's-Way Manufacturing in the 2nd quarter valued at $42,000. Finally, Jane Street Group LLC purchased a new stake in Art's-Way Manufacturing in the 1st quarter valued at $76,000. 5.38% of the stock is currently owned by institutional investors.About Art's-Way Manufacturing
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Art's-Way Manufacturing Co, Inc manufactures and distributes farm machinery niche products. It operates through the following segments: Agricultural Products, Modular Buildings and Tools. 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 crop production line that includes grain drill equipment, a line of hay and forage equipment consisting of forage boxes, blowers, running gear, dump boxes and mergers, stalk shredders, a line of portable grain augers, a line of manure spreaders, sugar beet harvesting equipment, a line of land maintenance equipment, moldboard plows, potato harvesters, and reels for combines and swathers.
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