Art’s-Way Manufacturing (NASDAQ:ARTW) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report issued on Sunday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 0.6 %

Shares of ARTW opened at $1.58 on Friday. The company has a 50 day moving average price of $1.83 and a 200-day moving average price of $1.75. Art’s-Way Manufacturing has a fifty-two week low of $1.33 and a fifty-two week high of $4.15. The company has a quick ratio of 0.42, a current ratio of 1.98 and a debt-to-equity ratio of 0.21.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A number of hedge funds and other institutional investors have recently bought and sold shares of ARTW. Jane Street Group LLC purchased a new stake in Art’s-Way Manufacturing during the third quarter valued at approximately $27,000. Geode Capital Management LLC lifted its position in Art’s-Way Manufacturing by 93.2% during the fourth quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Art’s-Way Manufacturing during the fourth quarter valued at approximately $60,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.

About Art’s-Way Manufacturing

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.