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

Shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Art’s-Way Manufacturing Stock Up 1.7%

The firm’s 50 day moving average price is $2.38 and its 200-day moving average price is $2.63. 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 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 posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported ($0.13) earnings per share for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.90% and a net margin of 4.50%.The business had revenue of $5.07 million for the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in Art’s-Way Manufacturing in the third quarter valued at about $47,000. XTX Topco Ltd acquired a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth about $51,000. Dimensional Fund Advisors LP increased its stake in shares of Art’s-Way Manufacturing by 142.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 23,983 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing in the 3rd quarter valued at approximately $108,000. Finally, DRW Securities LLC bought a new position in Art’s-Way Manufacturing during the 4th quarter worth 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.