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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.63 and traded as low as $2.33. Art’s-Way Manufacturing shares last traded at $2.40, with a volume of 11,783 shares changing hands.

Analyst Upgrades and Downgrades

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

Art’s-Way Manufacturing Price Performance

The company has a current ratio of 2.30, a quick ratio of 0.48 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average price of $2.38 and a two-hundred day moving average price of $2.63. The firm has a market cap of $12.43 million, a P/E ratio of 12.00 and a beta of 0.74.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its 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 company had revenue of $5.07 million for the quarter.

Hedge Funds Weigh In On Art’s-Way Manufacturing

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARTW. Susquehanna International Group LLP acquired a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter valued at about $47,000. XTX Topco Ltd bought a new position in shares of Art’s-Way Manufacturing during the fourth quarter worth about $51,000. Dimensional Fund Advisors LP grew its holdings in shares of Art’s-Way Manufacturing by 142.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock worth $96,000 after buying an additional 23,983 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Art’s-Way Manufacturing in the 3rd quarter valued at approximately $108,000. Finally, DRW Securities LLC bought a new stake in Art’s-Way Manufacturing in the 4th quarter valued at approximately $150,000. 2.91% of the stock is owned by institutional investors and hedge funds.

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.