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

StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

ARTW stock opened at $1.79 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.55 and a quick ratio of 0.37. The firm has a 50-day moving average price of $1.78 and a 200-day moving average price of $1.72. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $4.15.

Institutional Trading of Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC acquired a new stake in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 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.