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

Art’s-Way Manufacturing (NASDAQ:ARTW) released its quarterly earnings data on Tuesday. The industrial products company reported ($0.09) EPS for the quarter, reports. The company had revenue of $5.72 million during the quarter. Art’s-Way Manufacturing had a net margin of 1.92% and a return on equity of 6.50%.

Art’s-Way Manufacturing Trading Down 2.4 %

Shares of Art’s-Way Manufacturing stock opened at $2.04 on Friday. The business has a fifty day simple moving average of $2.05 and a two-hundred day simple moving average of $2.08. Art’s-Way Manufacturing has a 1 year low of $1.85 and a 1 year high of $3.11. The company has a market capitalization of $10.34 million, a price-to-earnings ratio of 10.20 and a beta of 0.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.61 and a quick ratio of 0.43.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Art’s-Way Manufacturing in a report on Monday. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Art’s-Way Manufacturing

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Art’s-Way Manufacturing by 42.8% during the 4th quarter. Vanguard Group Inc. now owns 16,758 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 5,020 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Art’s-Way Manufacturing by 18.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,199 shares of the industrial products company’s stock worth $68,000 after buying an additional 4,916 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Art’s-Way Manufacturing by 11.4% during the first quarter. Renaissance Technologies LLC now owns 63,574 shares of the industrial products company’s stock worth $125,000 after buying an additional 6,500 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Art’s-Way Manufacturing during the fourth quarter worth $56,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Art’s-Way Manufacturing during the third quarter worth $42,000. Institutional investors and hedge funds own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science and agricultural buildings in the United States and internationally. The company operates through Agricultural Products and Modular Buildings. The Agricultural Products segment offers various specialized farm machinery, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment, such as forage boxes, bale processors, running gears, and dump boxes; manure spreaders; sugar beet harvesting equipment; dirt work equipment; and after-market service parts.