Art’s-Way Manufacturing (NASDAQ:ARTW) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the industrial products company’s stock.

Art’s-Way Manufacturing Price Performance

Shares of Art’s-Way Manufacturing stock opened at $1.63 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $1.68 and a 200 day moving average of $1.67. Art’s-Way Manufacturing has a 1 year low of $1.33 and a 1 year high of $2.37.

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 stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned 0.29% of Art’s-Way Manufacturing at the end of the most recent quarter. 2.91% of the stock is currently owned by institutional investors and hedge funds.

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.