Art’s-Way Manufacturing (NASDAQ:ARTW) Share Price Crosses Below 200-Day Moving Average – Should You 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 $1.73 and traded as low as $1.65. Art’s-Way Manufacturing shares last traded at $1.71, with a volume of 16,993 shares changing hands.

Analyst Upgrades and Downgrades

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

Art’s-Way Manufacturing Trading Down 0.6 %

The business’s fifty day moving average price is $1.71 and its 200-day moving average price is $1.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.42.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in Art’s-Way Manufacturing by 93.2% in the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 13,072 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Art’s-Way Manufacturing during the fourth quarter valued at approximately $60,000. Finally, Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing during the 3rd quarter valued at approximately $27,000. Hedge funds and other 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.