Art’s-Way Manufacturing (NASDAQ:ARTW) Now Covered by StockNews.com

StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a report released on Tuesday. The firm issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock opened at $1.69 on Tuesday. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15. The company has a current ratio of 1.98, a quick ratio of 0.42 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $1.71 and its 200 day moving average price is $1.74.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing during the third quarter worth approximately $27,000. Geode Capital Management LLC lifted its stake in shares of 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 valued at $59,000 after purchasing an additional 13,072 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Art’s-Way Manufacturing in the 4th quarter valued at $60,000. 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.