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

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

Art’s-Way Manufacturing Trading Down 1.2 %

Shares of ARTW opened at $1.65 on Tuesday. The stock’s fifty day simple moving average is $1.69 and its 200-day simple moving average is $1.68. The firm has a market capitalization of $8.30 million, a PE ratio of 8.30 and a beta of 0.40. Art’s-Way Manufacturing has a 12-month low of $1.33 and a 12-month high of $2.37. The company has a quick ratio of 0.37, a current ratio of 1.55 and a debt-to-equity ratio of 0.28.

Hedge Funds 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 bought a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 at the end of the most recent quarter. 2.91% of the stock is owned by institutional investors.

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.