Posted by admin on Jul 28th, 2022

Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW – Get Rating) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totalling 9,800 shares, a decrease of 67.2% from the June 30th total of 29,900 shares. Based on an average trading volume of 56,700 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

Shares of NASDAQ ARTW opened at $2.16 on Thursday. The company has a quick ratio of 0.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.33. Art’s-Way Manufacturing has a 52 week low of $2.00 and a 52 week high of $7.70. The firm’s fifty day moving average is $2.55 and its 200 day moving average is $3.47. The company has a market cap of $10.01 million, a price-to-earnings ratio of 43.21 and a beta of 0.50.

Large investors have recently added to or reduced their stakes in the stock. Sigma Planning Corp purchased a new position in Art’s-Way Manufacturing in the 1st quarter worth about $274,000. Sweet Financial Partners LLC bought a new position in shares of Art’s-Way Manufacturing during the 4th quarter valued at approximately $155,000. Virtu Financial LLC bought a new position in Art’s-Way Manufacturing in the 1st quarter worth approximately $104,000. Jane Street Group LLC bought a new position in Art’s-Way Manufacturing in the 1st quarter worth approximately $76,000. Finally, State Street Corp bought a new position in shares of Art’s-Way Manufacturing during the 1st quarter valued at approximately $67,000. Institutional investors own 5.38% of the company’s stock.

Several analysts have recently commented on the stock. StockNews.com started coverage on shares of Art’s-Way Manufacturing in a report on Sunday. They issued a “hold” rating for the company. TheStreet lowered shares of Art’s-Way Manufacturing from a “c” rating to a “d+” rating in a research report on Friday, April 29th.

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools in the United States and internationally. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. 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.

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