Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.47 and traded as low as $2.30. Art’s-Way Manufacturing shares last traded at $2.32, with a volume of 18,084 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Art’s-Way Manufacturing in a research note on Tuesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Art’s-Way Manufacturing Stock Performance

The firm has a fifty day simple moving average of $2.59 and a 200 day simple moving average of $2.47. 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 $12.02 million, a price-to-earnings ratio of -232.00 and a beta of 0.95.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new stake in Art’s-Way Manufacturing in the 3rd quarter valued at $47,000. XTX Topco Ltd bought a new position in shares of Art’s-Way Manufacturing during the 4th quarter worth about $51,000. Dimensional Fund Advisors LP lifted its holdings in shares of 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 worth $96,000 after acquiring an additional 23,983 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing during the 3rd quarter valued at about $108,000. Finally, DRW Securities LLC acquired a new stake in shares of Art’s-Way Manufacturing during the 4th quarter valued at about $150,000. 2.91% of the stock is 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.