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

Art’s-Way Manufacturing (NASDAQ:ARTW) released its quarterly earnings results on Wednesday. The industrial products company reported ($0.13) EPS for the quarter, Zacks reports. Art’s-Way Manufacturing had a net margin of 10.43% and a return on equity of 6.64%.

Art’s-Way Manufacturing Stock Down 3.9%

Shares of NASDAQ:ARTW opened at $2.70 on Thursday. The stock has a 50-day simple moving average of $2.39 and a 200-day simple moving average of $2.72. The stock has a market capitalization of $13.79 million, a P/E ratio of 27.00 and a beta of 0.74. Art’s-Way Manufacturing has a 1 year low of $1.43 and a 1 year high of $4.71. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.53 and a current ratio of 2.54.

Hedge Funds Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Susquehanna International Group LLP purchased a new stake in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,906 shares of the industrial products company’s stock, valued at approximately $47,000. Susquehanna International Group LLP owned approximately 0.37% of Art’s-Way Manufacturing at the end of the most recent reporting period. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Art’s-Way Manufacturing in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently 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.