Art’s-Way Manufacturing Co., Inc.’s (NASDAQ:ARTW) Share Price Boosted 27% But Its Business Prospects Need A Lift Too
Despite an already strong run, Art’s-Way Manufacturing Co., Inc. (NASDAQ:ARTW) shares have been powering on, with a gain of 27% in the last thirty days. The last 30 days bring the annual gain to a very sharp 36%.
Although its price has surged higher, Art’s-Way Manufacturing may still be sending buy signals at present with its price-to-sales (or “P/S”) ratio of 0.5x, considering almost half of all companies in the Machinery industry in the United States have P/S ratios greater than 1.9x and even P/S higher than 4x aren’t out of the ordinary. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
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