Art’s-Way Manufacturing (NASDAQ:ARTW) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.64 and traded as high as $2.55. Art’s-Way Manufacturing shares last traded at $2.44, with a volume of 871,956 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Art’s-Way Manufacturing in a report on Saturday. They issued a “hold” rating for the company.

Art’s-Way Manufacturing Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.37 and a current ratio of 1.55. The company’s 50-day moving average price is $1.64 and its 200 day moving average price is $1.66.

Hedge Funds Weigh In On Art’s-Way Manufacturing

An institutional investor recently bought a new position in Art’s-Way Manufacturing stock. Jane Street Group LLC purchased a new position in Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,430 shares of the industrial products company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.29% of Art’s-Way Manufacturing at the end of the most recent quarter. Hedge funds and other institutional investors own 2.91% of the company’s stock.

Art’s-Way Manufacturing Company Profile

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