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

Art’s-Way Manufacturing (NASDAQ:ARTW) announced its quarterly earnings data on Thursday. The industrial products company reported $0.03 earnings per share (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 Up 0.6%

NASDAQ:ARTW traded up $0.01 during trading hours on Thursday, reaching $2.49. 21,904 shares of the stock were exchanged, compared to its average volume of 31,692. Art’s-Way Manufacturing has a twelve month low of $2.04 and a twelve month high of $4.71. The firm has a 50 day moving average of $2.62 and a 200 day moving average of $2.47. The stock has a market cap of $12.92 million, a PE ratio of 10.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.02 and a quick ratio of 0.58.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded 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.com, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ARTW. Citadel Advisors LLC purchased a new position in shares of Art’s-Way Manufacturing in the 3rd quarter worth about $108,000. Susquehanna International Group LLP bought a new position in shares of Art’s-Way Manufacturing in the 3rd quarter worth approximately $47,000. Dimensional Fund Advisors LP increased its stake 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 worth $96,000 after purchasing an additional 23,983 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Art’s-Way Manufacturing by 94.3% in the fourth 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. Finally, DRW Securities LLC bought a new position in Art’s-Way Manufacturing during the fourth quarter valued at approximately $150,000. 2.91% of the stock is currently owned by institutional investors.

Art’s-Way Manufacturing Company Profile

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.