StockNews.com started coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW – Free Report) in a report issued on Tuesday. The firm issued a hold rating on the industrial products company’s stock.
Art’s-Way Manufacturing Stock Down 1.2 %
Shares of ARTW stock opened at $1.65 on Tuesday. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15. The company’s 50-day moving average is $1.72 and its 200 day moving average is $1.74. 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 Trading of Art’s-Way Manufacturing
Several institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in Art’s-Way Manufacturing during the 4th quarter valued at about $60,000. Geode Capital Management LLC grew its position 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 valued at $59,000 after purchasing an additional 13,072 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Art’s-Way Manufacturing during the 3rd quarter valued at about $27,000. 2.91% of the stock is 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.
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