Art’s-Way Manufacturing (NASDAQ:ARTW) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report issued on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

ARTW opened at $1.97 on Tuesday. The business’s 50 day moving average is $2.05 and its 200-day moving average is $2.06. The stock has a market cap of $9.99 million, a PE ratio of 9.95 and a beta of 0.39. The company has a current ratio of 1.51, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29. Art’s-Way Manufacturing has a twelve month low of $1.85 and a twelve month high of $3.11.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings results on Tuesday, April 9th. The industrial products company reported ($0.09) earnings per share for the quarter. The business had revenue of $5.72 million for the quarter. Art’s-Way Manufacturing had a negative net margin of 0.64% and a negative return on equity of 0.09%.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Art’s-Way Manufacturing by 18.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,199 shares of the industrial products company’s stock worth $68,000 after purchasing an additional 4,916 shares in the last quarter. Vanguard Group Inc. raised its holdings in Art’s-Way Manufacturing by 42.8% during the fourth quarter. Vanguard Group Inc. now owns 16,758 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 5,020 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Art’s-Way Manufacturing by 11.4% in the first quarter. Renaissance Technologies LLC now owns 63,574 shares of the industrial products company’s stock valued at $125,000 after buying an additional 6,500 shares in the last quarter. State Street Corp bought a new position in shares of Art’s-Way Manufacturing in the first quarter valued at $67,000. Finally, Jane Street Group LLC acquired a new stake in shares of Art’s-Way Manufacturing during the 1st quarter valued at $76,000. Institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art's-Way Manufacturing Co, Inc manufactures and 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.