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

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

Art’s-Way Manufacturing Stock Down 0.6 %

ARTW stock opened at $1.64 on Tuesday. The firm has a 50 day moving average of $1.72 and a two-hundred day moving average of $1.74. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month 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.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in shares of 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 acquiring an additional 13,072 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Art’s-Way Manufacturing in the 3rd quarter valued at approximately $27,000. Finally, Virtu Financial LLC acquired a new stake in Art’s-Way Manufacturing in the 4th quarter worth approximately $60,000. 2.91% of the stock is currently owned by institutional investors.

Art’s-Way Manufacturing Company Profile

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.