StockNews.com initiated coverage on shares of Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) in a report issued on Sunday. The brokerage issued a hold rating on the industrial products company's stock.
Separately, TheStreet raised shares of Art's-Way Manufacturing from a d rating to a c rating in a research report on Friday, April 14th.
Get Art's-Way Manufacturing alerts:Art's-Way Manufacturing Price Performance
Shares of ARTW stock opened at $2.60 on Friday. Art's-Way Manufacturing has a 12-month low of $1.80 and a 12-month high of $3.16. The firm has a market capitalization of $13.03 million, a price-to-earnings ratio of 14.44 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 1.49 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $2.30 and a 200-day moving average of $2.20.
Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) last announced its quarterly earnings results on Wednesday, February 15th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter. Art's-Way Manufacturing had a net margin of 2.76% and a return on equity of 7.72%. The company had revenue of $7.37 million during the quarter.
Institutional Investors Weigh In On Art's-Way Manufacturing
Several institutional investors have recently added to or reduced their stakes in ARTW. Renaissance Technologies LLC lifted its position in Art's-Way Manufacturing by 15.8% during the 3rd quarter. Renaissance Technologies LLC now owns 64,003 shares of the industrial products company's stock worth $117,000 after buying an additional 8,729 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Art's-Way Manufacturing during the 4th quarter worth about $56,000. Citadel Advisors LLC bought a new stake in Art's-Way Manufacturing during the 3rd quarter worth about $42,000. Virtu Financial LLC bought a new stake in Art's-Way Manufacturing during the 1st quarter worth about $104,000. Finally, Millennium Management LLC bought a new stake in Art's-Way Manufacturing during the 2nd quarter worth about $42,000. 5.38% of the stock is 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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