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

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

Art’s-Way Manufacturing Price Performance

Shares of ARTW stock opened at $1.66 on Wednesday. The stock has a 50 day moving average price of $1.71 and a 200 day moving average price of $1.73. Art’s-Way Manufacturing has a 52-week low of $1.33 and a 52-week high of $4.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.42.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Art’s-Way Manufacturing during the fourth quarter worth approximately $60,000. Jane Street Group LLC bought a new position in Art’s-Way Manufacturing in the third quarter worth approximately $27,000. Finally, Geode Capital Management LLC increased its holdings in Art’s-Way Manufacturing by 93.2% during the 4th quarter. Geode Capital Management LLC now owns 27,094 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 13,072 shares during the period. 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.