StockNews.com Initiates Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

Stock analysts at StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report issued on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

Shares of ARTW stock opened at $1.57 on Wednesday. Art’s-Way Manufacturing has a 52 week low of $1.60 and a 52 week high of $2.90. The company has a 50-day simple moving average of $1.84 and a 200 day simple moving average of $1.99. The company has a quick ratio of 0.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.29.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) EPS for the quarter. The firm had revenue of $5.72 million during the quarter. Art’s-Way Manufacturing had a negative net margin of 0.64% and a negative return on equity of 0.09%.

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.