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

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.45 and traded as low as $2.15. Art’s-Way Manufacturing shares last traded at $2.21, with a volume of 9,475 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Art’s-Way Manufacturing from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, February 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Art’s-Way Manufacturing currently has an average rating of “Sell”.

Art’s-Way Manufacturing Stock Performance

The company has a quick ratio of 0.48, a current ratio of 2.30 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $2.36 and a 200-day moving average price of $2.45. The firm has a market cap of $11.03 million, a price-to-earnings ratio of 10.65 and a beta of 0.77.

Art’s-Way Manufacturing (NASDAQ:ARTW) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported ($0.13) earnings per share for the quarter. Art’s-Way Manufacturing had a negative return on equity of 0.90% and a net margin of 4.50%.The company had revenue of $5.07 million for the quarter.

Institutional Trading of Art’s-Way Manufacturing

Several hedge funds and other institutional investors have recently made changes to their positions in ARTW. Susquehanna International Group LLP purchased a new position in Art’s-Way Manufacturing during the third quarter worth about $47,000. XTX Topco Ltd purchased a new stake in Art’s-Way Manufacturing in the 4th quarter valued at approximately $51,000. Dimensional Fund Advisors LP increased its position 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 worth $96,000 after purchasing an additional 23,983 shares during the period. Citadel Advisors LLC acquired a new position in Art’s-Way Manufacturing during the 3rd quarter worth approximately $108,000. Finally, Renaissance Technologies LLC raised its stake 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 buying an additional 60,400 shares in the last quarter. Hedge funds and other institutional investors own 2.91% of the company’s stock.

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.