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 note issued on Friday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

Art’s-Way Manufacturing stock opened at $1.56 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.37 and a current ratio of 1.55. The stock’s 50 day simple moving average is $1.62 and its two-hundred day simple moving average is $1.65. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $2.37.

Institutional Trading of Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC acquired a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.29% of Art’s-Way Manufacturing as of its most recent filing with the Securities & Exchange Commission. 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 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.