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

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

Art’s-Way Manufacturing Trading Down 0.6 %

ARTW opened at $1.64 on Tuesday. The stock has a fifty day moving average of $1.72 and a 200-day moving average of $1.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98. Art’s-Way Manufacturing has a 12-month low of $1.33 and a 12-month high of $4.15.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Large investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in Art’s-Way Manufacturing in the 4th quarter valued at approximately $60,000. Jane Street Group LLC acquired a new position in shares of Art’s-Way Manufacturing in the third quarter worth $27,000. Finally, Geode Capital Management LLC increased its stake in shares of 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 during the last quarter. Institutional investors and hedge funds 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.