Art’s-Way Manufacturing (NASDAQ:ARTW) Announces Earnings Results

Art’s-Way Manufacturing (NASDAQ:ARTW) announced its quarterly earnings results on Thursday. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Art’s-Way Manufacturing had a return on equity of 0.98% and a net margin of 5.26%.

Art’s-Way Manufacturing Price Performance

Shares of ARTW stock traded up $0.00 on Thursday, reaching $2.48. 39,810 shares of the company were exchanged, compared to its average volume of 31,696. Art’s-Way Manufacturing has a 1 year low of $2.04 and a 1 year high of $4.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.58 and a current ratio of 2.02. The business has a 50-day moving average price of $2.62 and a 200 day moving average price of $2.47. The company has a market cap of $12.87 million, a price-to-earnings ratio of 9.94 and a beta of 0.95.

Institutional Trading of Art’s-Way Manufacturing

Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in shares of Art’s-Way Manufacturing in the 3rd quarter valued at $108,000. Susquehanna International Group LLP purchased a new position in shares of Art’s-Way Manufacturing in the 3rd quarter valued at $47,000. Dimensional Fund Advisors LP raised its stake in Art’s-Way Manufacturing by 142.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock worth $96,000 after acquiring an additional 23,983 shares in the last quarter. Renaissance Technologies LLC raised its stake in Art’s-Way Manufacturing by 94.3% during the 4th quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 60,400 shares in the last quarter. Finally, DRW Securities LLC purchased a new stake in Art’s-Way Manufacturing in the fourth quarter valued at $150,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Art’s-Way Manufacturing has a consensus rating of “Hold”.

Art’s-Way Manufacturing Company Profile

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.