Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.63 and traded as low as $2.56. Art’s-Way Manufacturing shares last traded at $2.56, with a volume of 17,208 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Art’s-Way Manufacturing Price Performance

The stock has a fifty day moving average of $2.63 and a 200 day moving average of $2.46. The stock has a market cap of $13.26 million, a price-to-earnings ratio of 10.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 0.58.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly earnings results on Monday, April 13th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%. The company had revenue of $6.64 million during the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

A number of institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP purchased a new stake in shares of Art’s-Way Manufacturing during the third quarter worth approximately $47,000. XTX Topco Ltd acquired a new stake in Art’s-Way Manufacturing during the 4th quarter worth $51,000. Dimensional Fund Advisors LP grew its holdings in shares of Art’s-Way Manufacturing by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 44,679 shares of the industrial products company’s stock worth $93,000 after buying an additional 3,899 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at about $108,000. Finally, DRW Securities LLC acquired a new stake in shares of Art’s-Way Manufacturing in the fourth quarter valued at about $150,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

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.