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

Analysts at StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

ARTW opened at $1.64 on Monday. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $2.37. The company has a current ratio of 1.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average price is $1.71 and its 200 day moving average price is $1.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC purchased a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.