Weiss Ratings Reaffirms “Hold (C+)” Rating for Art’s-Way Manufacturing (NASDAQ:ARTW)

Art’s-Way Manufacturing (NASDAQ:ARTW)‘s stock had its “hold (c+)” rating reiterated by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Art’s-Way Manufacturing Stock Performance

Shares of Art’s-Way Manufacturing stock opened at $3.26 on Wednesday. Art’s-Way Manufacturing has a 52-week low of $1.43 and a 52-week high of $4.71. The company has a fifty day moving average of $3.20 and a 200-day moving average of $2.37. The company has a quick ratio of 0.51, a current ratio of 2.72 and a debt-to-equity ratio of 0.17.

Art’s-Way Manufacturing (NASDAQ:ARTW) last announced its quarterly earnings data on Tuesday, October 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. Art’s-Way Manufacturing had a net margin of 10.43% and a return on equity of 6.81%. The company had revenue of $6.43 million during the quarter.

Insider Activity

In other news, CFO Michael William Woods sold 7,592 shares of the company’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of $3.31, for a total value of $25,129.52. Following the completion of the sale, the chief financial officer owned 36,597 shares of the company’s stock, valued at approximately $121,136.07. This represents a 17.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 52.80% of the company’s stock.

Art’s-Way Manufacturing Company Profile

Art’s-Way Manufacturing Co, Inc manufactures and distributes farm equipment products. It operates through the Agricultural Products, and Modular Buildings segments. The Agricultural Products segment manufactures a variety of specialized farm machinery under its own label including portable and stationary animal feed processing equipment and related attachments used to mill and mix feed grains into custom animal feed rations, a line of forage equipment consisting of forage boxes, bale processors, running gear, and dump boxes, a line of manure spreaders, sugar beet harvesting equipment, and a line of dirt work equipment.