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Art’s-way Manufacturing Co. Inc (ARTW) – key numbers that make it a Strong Buy For Now

Art’s-way Manufacturing Co. Inc (NASDAQ: ARTW) is 17.87% higher on its value in year-to-date trading and has touched a low of $1.33 and a high of $2.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARTW stock was last observed hovering at around $1.99 in the last trading session, with the day’s gains setting it 0.45%.

Currently trading at $2.44, the stock is 49.01% and 48.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 22.61% at the moment leaves the stock 39.77% off its SMA200. ARTW registered 20.20% gain for a year compared to 6-month gain of 56.71%. The firm has a 50-day simple moving average (SMA 50) of $1.6412 and a 200-day simple moving average (SMA200) of $1.7409.

The stock witnessed a 47.88% loss in the last 1 month and extending the period to 3 months gives it a 34.07%, and is 61.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.53% over the week and 7.16% over the month.

Art’s-way Manufacturing Co. Inc (ARTW) has around 93 employees, a market worth around $15.06M and $25.18M in sales. Profit margin for the company is -3.31%. Distance from 52-week low is 83.46% and 3.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.78%).

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Art’s-way Manufacturing Co. Inc (ARTW) Top Institutional Holders

12.0 institutions hold shares in Art’s-way Manufacturing Co. Inc (ARTW), with institutional investors hold 7.04% of the company’s shares. The shares outstanding are 5.19M, and float is at 2.34M with Short Float at 0.34%. Institutions hold 3.27% of the Float.

The top institutional shareholder in the company is RENAISSANCE TECHNOLOGIES LLC with over 41774.0 shares valued at $65167.0. The investor’s holdings represent 0.8243% of the ARTW Shares outstanding. As of 2024-06-30, the second largest holder is DIMENSIONAL FUND ADVISORS LP with 22795.0 shares valued at $36928.0 to account for 0.4498 of the shares outstanding. The other top investors are SHUFRO ROSE & CO LLC which holds 21855.0 shares representing 0.4313% and valued at over $34094.0, while GEODE CAPITAL MANAGEMENT, LLC holds 0.3817 of the shares totaling 19345.0 with a market value of $31338.0.

Art’s-way Manufacturing Co. Inc (ARTW) Insider Activity

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