Art’s-Way Manufacturing (NASDAQ:ARTW) Issues Earnings Results

Art’s-Way Manufacturing (NASDAQ:ARTW) issued its earnings results on Thursday. The industrial products company reported $0.03 EPS for the quarter, Zacks reports. Art’s-Way Manufacturing had a net margin of 5.26% and a return on equity of 0.98%.

Art’s-Way Manufacturing Stock Performance

ARTW traded up $0.01 on Thursday, hitting $2.49. The company had a trading volume of 21,904 shares, compared to its average volume of 31,692. 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 company’s fifty day moving average price is $2.62 and its 200 day moving average price is $2.47. The stock has a market cap of $12.92 million, a price-to-earnings ratio of 10.13 and a beta of 0.95. Art’s-Way Manufacturing has a 1-year low of $2.04 and a 1-year high of $4.71.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several institutional investors and hedge funds have recently bought and sold shares of ARTW. Susquehanna International Group LLP bought a new stake in shares of Art’s-Way Manufacturing during the third quarter valued at approximately $47,000. XTX Topco Ltd bought a new position in Art’s-Way Manufacturing during the fourth quarter worth about $51,000. Dimensional Fund Advisors LP boosted its holdings in shares of Art’s-Way Manufacturing by 142.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 40,780 shares of the industrial products company’s stock valued at $96,000 after buying an additional 23,983 shares during the period. Citadel Advisors LLC bought a new position in Art’s-Way Manufacturing during the 3rd quarter worth about $108,000. Finally, DRW Securities LLC bought a new stake in Art’s-Way Manufacturing in the 4th quarter valued at approximately $150,000. Institutional investors own 2.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.