Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.74 and traded as low as $1.62. Art’s-Way Manufacturing shares last traded at $1.68, with a volume of 21,482 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Art’s-Way Manufacturing in a research report on Saturday. They issued a “hold” rating on the stock.

Art’s-Way Manufacturing Trading Down 3.4 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.37. The stock has a 50-day moving average of $1.81 and a 200 day moving average of $1.74.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ARTW. Jane Street Group LLC acquired a new stake in Art’s-Way Manufacturing in the third quarter valued at about $27,000. Virtu Financial LLC acquired a new stake in Art’s-Way Manufacturing in the fourth quarter valued at about $60,000. Finally, Geode Capital Management LLC boosted its stake 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 valued at $59,000 after buying an additional 13,072 shares in the last quarter. 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.