Art’s-Way Manufacturing (NASDAQ:ARTW) Shares Cross Below 200-Day Moving Average – Time to Sell?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.76 and traded as low as $1.73. Art’s-Way Manufacturing shares last traded at $1.75, with a volume of 8,994 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Art’s-Way Manufacturing in a research note on Wednesday. They issued a “hold” rating for the company.

Art’s-Way Manufacturing Stock Performance

The stock has a market cap of $8.87 million, a price-to-earnings ratio of 8.82 and a beta of 0.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.56 and a quick ratio of 0.36. The stock’s 50-day moving average is $1.74 and its 200-day moving average is $1.76.

Art’s-Way Manufacturing Company Profile

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.