Art’s-Way Manufacturing (NASDAQ:ARTW) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.46 and traded as low as $2.11. Art’s-Way Manufacturing shares last traded at $2.19, with a volume of 8,371 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Art’s-Way Manufacturing in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Art’s-Way Manufacturing Stock Performance

The stock has a market cap of $11.39 million, a PE ratio of -219.00 and a beta of 0.95. The stock has a fifty day moving average of $2.54 and a 200-day moving average of $2.46. The company has a quick ratio of 0.61, a current ratio of 2.17 and a debt-to-equity ratio of 0.18.

Art’s-Way Manufacturing (NASDAQ:ARTW) last posted its quarterly earnings data on Wednesday, July 15th. The industrial products company reported $0.03 EPS for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.16% and a negative net margin of 0.08%.The firm had revenue of $7.85 million during the quarter.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in Art’s-Way Manufacturing by 13.7% in the 1st quarter. Renaissance Technologies LLC now owns 141,474 shares of the industrial products company’s stock valued at $296,000 after buying an additional 17,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Art’s-Way Manufacturing by 9.6% during the 1st 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 during the last quarter. XTX Topco Ltd acquired a new stake in shares of Art’s-Way Manufacturing in the 4th quarter worth $51,000. DRW Securities LLC acquired a new stake in shares of Art’s-Way Manufacturing in the 4th quarter worth $150,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Art’s-Way Manufacturing in the third quarter valued at about $47,000. Hedge funds and other institutional investors own 2.91% of the company’s stock.

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.