StockNews.com began coverage on shares of Art's-Way Manufacturing (NASDAQ:ARTW – Get Rating) in a research note issued to investors on Sunday. The brokerage issued a hold rating on the industrial products company's stock.
Separately, TheStreet raised Art's-Way Manufacturing from a d+ rating to a c rating in a research report on Friday, October 14th.Get Art's-Way Manufacturing alerts:
Art's-Way Manufacturing Stock Up 4.8 %
Shares of NASDAQ ARTW opened at $2.20 on Friday. The firm has a market cap of $10.74 million, a price-to-earnings ratio of 24.44 and a beta of 0.41. The company has a quick ratio of 0.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. Art's-Way Manufacturing has a 52-week low of $1.80 and a 52-week high of $7.70. The business's 50 day moving average is $1.98 and its two-hundred day moving average is $2.13.
Hedge Funds Weigh In On Art's-Way ManufacturingInstitutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in shares of Art's-Way Manufacturing by 44.0% in the second quarter. Renaissance Technologies LLC now owns 55,274 shares of the industrial products company's stock worth $164,000 after acquiring an additional 16,900 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Art's-Way Manufacturing in the first quarter worth $104,000. Jane Street Group LLC acquired a new position in shares of Art's-Way Manufacturing in the first quarter worth $76,000. State Street Corp acquired a new position in shares of Art's-Way Manufacturing in the first quarter worth $67,000. Finally, Citadel Advisors LLC acquired a new position in shares of Art's-Way Manufacturing in the third quarter worth $42,000. Institutional investors and hedge funds own 5.38% of the company's stock.
About Art's-Way Manufacturing
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.
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