Art’s-Way Manufacturing (NASDAQ:ARTW) Shares Pass Below 200 Day Moving Average – Should You Sell?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.71 and traded as low as $2.19. Art’s-Way Manufacturing shares last traded at $2.30, with a volume of 56,453 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Art’s-Way Manufacturing Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.53 and a current ratio of 2.54. The stock’s 50-day moving average is $2.39 and its two-hundred day moving average is $2.71. The stock has a market cap of $11.75 million, a PE ratio of 11.50 and a beta of 0.74.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings results on Wednesday, February 4th. The industrial products company reported ($0.13) EPS for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.90% and a net margin of 4.50%.The firm had revenue of $5.07 million for the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A hedge fund recently bought a new stake in Art’s-Way Manufacturing stock. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned approximately 0.85% of Art’s-Way Manufacturing at the end of the most recent quarter. 2.91% of the stock is owned by institutional investors and hedge funds.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc (NASDAQ: ARTW) is a diversified industrial company that designs, manufactures and markets a range of agricultural and building products. The company’s agricultural equipment segment produces feed grinders, mixers, conveyors and related implements used in livestock and crop‐feeding operations. These products are engineered to streamline feed preparation and delivery for hog, beef and dairy producers across North America.

In its building products segment, Art’s-Way offers prefabricated steel structures, modular shelters and portable storage solutions suitable for agriculture, industrial and commercial applications.