Art’s-Way Manufacturing (NASDAQ:ARTW) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.46 and traded as low as $2.11. Art’s-Way Manufacturing shares last traded at $2.19, with a volume of 8,371 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Art’s-Way Manufacturing in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Art’s-Way Manufacturing Stock Up 2.3%

The business has a 50 day simple moving average of $2.54 and a 200 day simple moving average of $2.46. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 0.61. The stock has a market cap of $11.39 million, a PE ratio of -219.00 and a beta of 0.95.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly earnings results on Wednesday, July 15th. The industrial products company reported $0.03 earnings per share for the quarter. The company had revenue of $7.85 million during the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.

Hedge Funds Weigh In On Art’s-Way Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DRW Securities LLC acquired a new stake in Art’s-Way Manufacturing in the fourth quarter valued at approximately $150,000. Renaissance Technologies LLC increased its stake in shares of Art’s-Way Manufacturing by 94.3% during the 4th quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 60,400 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Art’s-Way Manufacturing during the 3rd quarter worth $108,000. Dimensional Fund Advisors LP increased its stake in shares of Art’s-Way Manufacturing by 142.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 23,983 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Art’s-Way Manufacturing during the 4th quarter valued at $51,000. Institutional investors own 2.91% of the company’s stock.

About Art’s-Way Manufacturing

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.