Artesian Resources (NASDAQ:ARTNA) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.
Shares of Artesian Resources stock opened at $35.48 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.41 and a quick ratio of 0.37. Artesian Resources has a 1 year low of $32.00 and a 1 year high of $43.22. The company has a market cap of $339.88 million, a P/E ratio of 21.51 and a beta of -0.05.
Artesian Resources (NASDAQ:ARTNA) last issued its quarterly earnings data on Tuesday, August 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter. Artesian Resources had a return on equity of 10.85% and a net margin of 18.42%. The firm had revenue of $20.24 million during the quarter.
Several institutional investors have recently modified their holdings of the stock. Northern Trust Corp raised its holdings in Artesian Resources by 3.0% in the 2nd quarter. Northern Trust Corp now owns 121,035 shares of the utilities provider’s stock valued at $4,693,000 after acquiring an additional 3,533 shares during the last quarter. California Public Employees Retirement System raised its holdings in Artesian Resources by 9.8% in the 2nd quarter. California Public Employees Retirement System now owns 18,000 shares of the utilities provider’s stock valued at $698,000 after acquiring an additional 1,600 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Artesian Resources in the 2nd quarter valued at $146,000. BRYN MAWR TRUST Co acquired a new position in Artesian Resources in the 2nd quarter valued at $230,000. Finally, Renaissance Technologies LLC raised its holdings in Artesian Resources by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 341,800 shares of the utilities provider’s stock valued at $13,252,000 after acquiring an additional 8,500 shares during the last quarter. Hedge funds and other institutional investors own 38.02% of the company’s stock.
About Artesian Resources
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services on the Delmarva Peninsula. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater services to customers in Delaware.
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