Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Crosses Below 200-Day Moving Average – Here’s Why

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.74 and traded as low as $1.62. Art’s-Way Manufacturing shares last traded at $1.68, with a volume of 21,482 shares traded.

Analyst Upgrades and Downgrades

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

Art’s-Way Manufacturing Stock Performance

The company’s 50-day moving average price is $1.81 and its two-hundred day moving average price is $1.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.37.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several large investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in shares of Art’s-Way Manufacturing in the fourth quarter valued at about $60,000. Geode Capital Management LLC raised its position in shares of Art’s-Way Manufacturing by 93.2% in the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 13,072 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing in the third quarter valued at about $27,000. 2.91% of the stock is owned by institutional investors.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. 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 line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.