Art’s-Way Manufacturing (NASDAQ:ARTW) Share Price Passes Above 50-Day Moving Average – What’s Next?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.64 and traded as high as $2.55. Art’s-Way Manufacturing shares last traded at $2.44, with a volume of 871,956 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Art’s-Way Manufacturing in a report on Saturday. They set a “hold” rating on the stock.

Art’s-Way Manufacturing Stock Up 22.6 %

The business’s 50 day simple moving average is $1.64 and its two-hundred day simple moving average is $1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.37 and a current ratio of 1.55.

Institutional Trading of Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Jane Street Group LLC purchased a new stake in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.29% of Art’s-Way Manufacturing as of its most recent SEC filing. 2.91% of the stock is owned by hedge funds and other institutional investors.

About Art’s-Way Manufacturing

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. 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.