Art’s-Way Manufacturing (NASDAQ:ARTW) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report released on Sunday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

Shares of ARTW opened at $1.64 on Friday. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year 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. The firm’s 50-day moving average price is $1.82 and its 200-day moving average price is $1.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Art’s-Way Manufacturing during the 4th quarter valued at approximately $60,000. Geode Capital Management LLC increased its position in Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock valued at $59,000 after buying an additional 13,072 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Art’s-Way Manufacturing during the 3rd quarter valued at approximately $27,000. 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.