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

StockNews.com initiated coverage on shares of Art’s-Way Manufacturing (NASDAQ:ARTW) in a research report report published on Monday morning. The brokerage issued a hold rating on the industrial products company’s stock.

Art’s-Way Manufacturing Trading Down 10.9 %

NASDAQ ARTW opened at $1.71 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.28. Art’s-Way Manufacturing has a 12 month low of $1.33 and a 12 month high of $4.15. The stock has a 50-day simple moving average of $1.75 and a 200 day simple moving average of $1.70.

Hedge Funds Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Jane Street Group LLC acquired a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.29% of Art’s-Way Manufacturing as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 2.91% of the company’s stock.

About Art’s-Way Manufacturing

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.