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)’s stock price passed 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Art’s-Way Manufacturing Stock Performance

The company has a current ratio of 2.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.19. The stock has a market cap of $13.26 million, a PE ratio of 10.24 and a beta of 0.95. The business’s 50-day moving average price is $2.63 and its 200-day moving average price is $2.46.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its earnings results on Monday, April 13th. The industrial products company reported $0.04 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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARTW. DRW Securities LLC purchased a new stake in Art’s-Way Manufacturing in the fourth quarter valued at about $150,000. Renaissance Technologies LLC grew its stake in shares of Art’s-Way Manufacturing by 94.3% during the fourth quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after acquiring an additional 60,400 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Art’s-Way Manufacturing during the third quarter valued at about $108,000. Dimensional Fund Advisors LP increased its holdings in shares of Art’s-Way Manufacturing by 142.8% during the fourth 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 in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Art’s-Way Manufacturing in the 4th quarter valued at approximately $51,000. 2.91% of the stock is currently owned by hedge funds and other institutional investors.

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.