Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.71 and traded as low as $2.19. Art’s-Way Manufacturing shares last traded at $2.30, with a volume of 56,453 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Art’s-Way Manufacturing Stock Up 4.5%

The company has a quick ratio of 0.53, a current ratio of 2.54 and a debt-to-equity ratio of 0.17. The stock has a market cap of $11.75 million, a PE ratio of 11.50 and a beta of 0.74. The firm has a fifty day moving average of $2.39 and a 200 day moving average of $2.71.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $5.07 million for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.90% and a net margin of 4.50%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Citadel Advisors LLC bought a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned about 0.85% of Art’s-Way Manufacturing at the end of the most recent reporting period. Institutional investors and hedge funds own 2.91% of the company’s stock.

About Art’s-Way Manufacturing

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.