Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.72 and traded as low as $2.44. Art’s-Way Manufacturing shares last traded at $2.47, with a volume of 27,059 shares changing hands.

Analysts Set New Price Targets

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, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Art’s-Way Manufacturing Stock Up 0.4%

The firm has a 50 day moving average price of $2.34 and a 200-day moving average price of $2.72. The firm has a market cap of $12.62 million, a price-to-earnings ratio of 24.70 and a beta of 0.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.54 and a quick ratio of 0.53.

Institutional Investors Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,199 shares of the industrial products company’s stock, valued at approximately $108,000. Citadel Advisors LLC owned about 0.85% of Art’s-Way Manufacturing at the end of the most recent reporting period. Hedge funds and other institutional investors 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.