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

StockNews.com assumed coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report sent to investors on Saturday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Stock Performance

ARTW opened at $1.68 on Friday. The stock’s 50 day moving average price is $1.81 and its 200-day moving average price is $1.74. Art’s-Way Manufacturing has a one year low of $1.33 and a one year high of $4.15. The company has a quick ratio of 0.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings 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 valued at $59,000 after purchasing an additional 13,072 shares during the period. Virtu Financial LLC purchased a new stake in shares of Art’s-Way Manufacturing in the fourth quarter valued at approximately $60,000. Finally, Jane Street Group LLC purchased a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at approximately $27,000. Institutional investors 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.