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

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

Art’s-Way Manufacturing Price Performance

NASDAQ:ARTW opened at $1.72 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.74. Art’s-Way Manufacturing has a 1-year low of $1.33 and a 1-year high of $4.15.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several large investors have recently made changes to their positions in ARTW. Jane Street Group LLC purchased a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter worth approximately $27,000. Geode Capital Management LLC boosted its holdings in Art’s-Way Manufacturing by 93.2% in the fourth 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. Finally, Virtu Financial LLC purchased a new stake in shares of Art’s-Way Manufacturing in the fourth quarter worth $60,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

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.