Art’s-Way Manufacturing (NASDAQ:ARTW – Get Free Report) posted its quarterly earnings results on Friday. The industrial products company reported ($0.03) EPS for the quarter, Zacks reports. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.
Art’s-Way Manufacturing Stock Performance
Shares of ARTW stock traded down $0.09 during mid-day trading on Friday, reaching $3.58. The stock had a trading volume of 17,938 shares, compared to its average volume of 200,893. The business’s fifty day moving average is $2.96 and its 200-day moving average is $2.67. The company has a current ratio of 2.17, a quick ratio of 0.61 and a debt-to-equity ratio of 0.18. The firm has a market cap of $18.62 million, a price-to-earnings ratio of -358.00 and a beta of 1.06. Art’s-Way Manufacturing has a 1-year low of $2.05 and a 1-year high of $4.17.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Art’s-Way Manufacturing currently has a consensus rating of “Sell”.
About Art’s-Way Manufacturing
Art’s-Way Manufacturing Co, Inc is an Iowa-based manufacturer of agricultural and specialty equipment. The company designs and produces machinery used in farming, livestock production, land maintenance, and related commercial applications.
Its product portfolio includes forage equipment, manure spreaders, bale processors, rotary cutters, seeders, grain handling equipment, land maintenance machinery, and other farm implements. Art’s-Way also manufactures truck bodies and other specialty products for commercial and industrial users.
Founded in 1956, Art’s-Way sells its products through a network of dealers serving agricultural and commercial customers in the United States, Canada, and selected international markets.
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