StockNews.com Initiates Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

StockNews.com began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 2.2 %

Art’s-Way Manufacturing stock opened at $1.79 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $1.76 and its 200-day moving average price is $1.71. Art’s-Way Manufacturing has a 1 year low of $1.33 and a 1 year high of $4.15.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.29% of Art’s-Way Manufacturing as of its most recent SEC filing. Institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. 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.