Shares of Art's-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Rating) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.18 and traded as low as $1.82. Art's-Way Manufacturing shares last traded at $1.93, with a volume of 16,073 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on ARTW. TheStreet raised shares of Art's-Way Manufacturing from a "d+" rating to a "c" rating in a research note on Friday, October 14th. StockNews.com assumed coverage on shares of Art's-Way Manufacturing in a research note on Friday, December 23rd. They set a "hold" rating for the company.
Get Art's-Way Manufacturing alerts:Art's-Way Manufacturing Price Performance
The company's 50 day moving average price is $1.99 and its 200-day moving average price is $2.18. The company has a market capitalization of $9.42 million, a PE ratio of 21.44 and a beta of 0.42. The company has a current ratio of 1.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.33.
Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) last announced its quarterly earnings data on Wednesday, October 5th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. Art's-Way Manufacturing had a net margin of 1.47% and a return on equity of 4.00%. The company had revenue of $8.14 million during the quarter.Hedge Funds Weigh In On Art's-Way Manufacturing
Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp acquired a new position in shares of Art's-Way Manufacturing during the 1st quarter valued at $67,000. Jane Street Group LLC acquired a new position in shares of Art's-Way Manufacturing during the 1st quarter valued at $76,000. Millennium Management LLC acquired a new position in shares of Art's-Way Manufacturing during the 2nd quarter valued at $42,000. Virtu Financial LLC acquired a new position in shares of Art's-Way Manufacturing during the 1st quarter valued at $104,000. Finally, Citadel Advisors LLC acquired a new position in shares of Art's-Way Manufacturing during the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 5.38% of the company's stock.
About Art's-Way Manufacturing
(Get Rating)
Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.
Featured Stories
- Get a free copy of the StockNews.com research report on Art's-Way Manufacturing (ARTW)
- MarketBeat: Week in Review 12/26 – 12/30
- The Dogs Of Tech: It's Time For A Bite Of These Stocks
- Does This Acquisition Make Microsoft a Bear Market Buy?
- Is Kintara Therapeutics A Hidden Gem?
- Should You Warm up to Generac Stock for the Winter?
Receive News & Ratings for Art's-Way Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Art's-Way Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.