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

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

Art’s-Way Manufacturing Price Performance

ARTW stock opened at $1.67 on Tuesday. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $4.15. The stock has a 50-day moving average price of $1.72 and a 200-day moving average price of $1.74. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.42.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in Art’s-Way Manufacturing in the third quarter valued at $27,000. Geode Capital Management LLC increased its stake in 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 acquiring an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Art’s-Way Manufacturing in the fourth quarter valued at $60,000. Institutional investors own 2.91% of the company’s stock.

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.