Arts-Way Manufacturing (NASDAQ:ARTW) Sees Unusually-High Trading Volume

Shares of Arts-Way Manufacturing Co. Inc. (NASDAQ:ARTW) saw unusually-high trading volume on Thursday . Approximately 860,318 shares changed hands during mid-day trading, an increase of 1,038% from the previous session’s volume of 75,595 shares.The stock last traded at $2.18 and had previously closed at $1.87.

Separately, ValuEngine downgraded Arts-Way Manufacturing from a “buy” rating to a “hold” rating in a research report on Saturday, January 18th.

The company has a quick ratio of 0.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $1.82 and a two-hundred day simple moving average of $1.97. The stock has a market cap of $9.36 million, a P/E ratio of -3.46 and a beta of 0.85.

About Arts-Way Manufacturing (NASDAQ:ARTW)

Art's-Way Manufacturing Co, Inc manufactures and sells agricultural equipment, specialized modular science buildings, and steel cutting tools worldwide. The company operates through three segments: Agricultural Products, Modular Buildings, and Tools. The Agricultural Products segment offers specialized farm machineries, including portable and stationary animal feed processing equipment and related attachments; hay and forage equipment consisting of forage boxes, blowers, running gear, and dump boxes; portable grain augers; manure spreaders; sugar beet harvesting equipment; land maintenance equipment; moldboard plows; potato harvesters; grinder mixers; reels for combines and swathers; silage blowers and reels; and after-market service parts under the Art's-Way, Miller Pro, Roda, M&W, Badger, and UHC by Art's-Way brands.

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