Art's-Way Stock Soars (ARTW)

NEW YORK ( TheStreet) -- Shares of Art's-Way Manufacturing (Nasdaq: ARTW) have taken a tremendous swing upward. The stock is trading at $6.22 as of 9:41 a.m. ET, 22% above Tuesday's closing price of $5.10. Volume is at 6,322, 0.9 times the daily average of 7,200.

Art's-Way has a market cap of $20.4 million and is part of the industrial goods sector and industrial industry. Shares are down 56.5% year to date as of the close of trading on Tuesday.

Art's-Way Manufacturing Co., Inc., together with its subsidiaries, engages in the manufacture and sale of agricultural equipment in the United States. The company has a P/E ratio of 28.2, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Art's-Way as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full Art's-Way Ratings Report.

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