Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.71 and traded as low as $2.37. Art’s-Way Manufacturing shares last traded at $2.48, with a volume of 19,671 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Art’s-Way Manufacturing Price Performance

The company has a quick ratio of 0.53, a current ratio of 2.54 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $12.67 million, a price-to-earnings ratio of 24.80 and a beta of 0.71. The company has a fifty day moving average price of $2.32 and a two-hundred day moving average price of $2.71.

Institutional Investors Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Susquehanna International Group LLP purchased a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,906 shares of the industrial products company’s stock, valued at approximately $47,000. Susquehanna International Group LLP owned about 0.37% of Art’s-Way Manufacturing as of its most recent SEC filing. 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 (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.