Wall Street Zen Begins Coverage on Art’s-Way Manufacturing (NASDAQ:ARTW)

Equities research analysts at Wall Street Zen began coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report issued on Wednesday. The firm set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

ARTW opened at $1.92 on Wednesday. Art’s-Way Manufacturing has a twelve month low of $1.33 and a twelve month high of $4.15. The firm’s 50-day moving average price is $1.66 and its 200 day moving average price is $1.71. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.42 and a current ratio of 1.98.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its earnings results on Wednesday, April 9th. The industrial products company reported ($0.01) earnings per share for the quarter. The company had revenue of $5.14 million for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.83% and a net margin of 1.65%.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A hedge fund recently raised its stake in Art’s-Way Manufacturing stock. Geode Capital Management LLC increased its position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) by 93.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,094 shares of the industrial products company’s stock after acquiring an additional 13,072 shares during the quarter. Geode Capital Management LLC owned approximately 0.54% of Art’s-Way Manufacturing worth $59,000 as of its most recent filing with the Securities and Exchange Commission. 2.91% of the stock is owned by institutional investors.

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.