Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.47 and traded as low as $2.30. Art’s-Way Manufacturing shares last traded at $2.32, with a volume of 18,084 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Art’s-Way Manufacturing in a research note on Tuesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Art’s-Way Manufacturing has an average rating of “Hold”.

Art’s-Way Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.58 and a current ratio of 2.17. The stock’s 50 day simple moving average is $2.59 and its two-hundred day simple moving average is $2.47. The firm has a market capitalization of $11.75 million, a PE ratio of -226.00 and a beta of 0.95.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its earnings results on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share for the quarter. The business had revenue of $7.85 million for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Art’s-Way Manufacturing by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock worth $93,000 after acquiring an additional 3,899 shares during the period. Renaissance Technologies LLC boosted its position in shares of Art’s-Way Manufacturing by 13.7% during the 1st quarter. Renaissance Technologies LLC now owns 141,474 shares of the industrial products company’s stock valued at $296,000 after acquiring an additional 17,000 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at about $47,000. XTX Topco Ltd acquired a new stake in Art’s-Way Manufacturing during the fourth quarter worth about $51,000. Finally, Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing during the third quarter worth about $108,000. 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.