Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.66 and traded as high as $2.73. Art’s-Way Manufacturing shares last traded at $2.62, with a volume of 17,380 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Art’s-Way Manufacturing from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Art’s-Way Manufacturing has an average rating of “Hold”.

Art’s-Way Manufacturing Trading Up 1.2%

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 0.58. The business’s 50 day simple moving average is $2.66 and its 200 day simple moving average is $2.44. The stock has a market cap of $13.57 million, a P/E ratio of 10.48 and a beta of 0.96.

Art’s-Way Manufacturing (NASDAQ:ARTW) last released its quarterly earnings data on Monday, April 13th. The industrial products company reported $0.04 earnings per share for the quarter. Art’s-Way Manufacturing had a return on equity of 0.98% and a net margin of 5.26%.The company had revenue of $6.64 million for the quarter.

Institutional Trading of Art’s-Way Manufacturing

A number of large investors have recently bought and sold shares of ARTW. DRW Securities LLC acquired a new stake in shares of Art’s-Way Manufacturing in the 4th quarter valued at $150,000. Renaissance Technologies LLC increased its position in shares of Art’s-Way Manufacturing by 94.3% during the 4th quarter. Renaissance Technologies LLC now owns 124,474 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 60,400 shares in the last quarter. XTX Topco Ltd bought a new position in Art’s-Way Manufacturing during the 4th quarter valued at about $51,000. Dimensional Fund Advisors LP lifted its holdings in Art’s-Way Manufacturing by 142.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after purchasing an additional 23,983 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Art’s-Way Manufacturing in the third quarter valued at about $47,000. 2.91% of the stock is currently owned by 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.