Media coverage about Artesian Resources (NASDAQ:ARTNA) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Artesian Resources earned a news impact score of 0.24 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 44.6242958368166 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of brokerages recently commented on ARTNA. Zacks Investment Research upgraded Artesian Resources from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. BidaskClub downgraded Artesian Resources from a “hold” rating to a “sell” rating in a report on Thursday, December 7th.
Artesian Resources (NASDAQ ARTNA) opened at $38.12 on Monday. The company has a market capitalization of $350.40, a P/E ratio of 27.04 and a beta of 0.10. Artesian Resources has a twelve month low of $29.36 and a twelve month high of $43.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.64 and a current ratio of 0.71.
Artesian Resources (NASDAQ:ARTNA) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $22.36 million during the quarter. Artesian Resources had a return on equity of 9.18% and a net margin of 15.96%. research analysts expect that Artesian Resources will post 1.42 EPS for the current year.
In related news, insider Dian C. Taylor sold 8,798 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $42.36, for a total value of $372,683.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William C. Wyer sold 6,750 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.00, for a total value of $283,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,548 shares of company stock worth $734,283. 20.59% of the stock is owned by insiders.
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About Artesian Resources
Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.
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