Zacks Investment Research upgraded shares of Artesian Resources Corp. (NASDAQ:ARTNA) from a sell rating to a hold rating in a report released on Monday.

According to Zacks, “Artesian Resources Corporation operates as the parent holding company of Artesian Water Company, Inc a regulated public water utility. Artesian Water provides water utility service to customers with in its established service territory in portions of New Castle County, Delaware. “

Artesian Resources Corp. (NASDAQ:ARTNA) traded down 0.1701% during mid-day trading on Monday, reaching $27.7627. The company had a trading volume of 3,200 shares. The stock has a market capitalization of $252.83 million, a P/E ratio of 22.0339 and a beta of 0.12. The stock has a 50 day moving average price of $28.13 and a 200-day moving average price of $29.57. Artesian Resources Corp. has a 12-month low of $23.80 and a 12-month high of $35.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Artesian Resources Corp. by 14.8% in the second quarter. Vanguard Group Inc. now owns 346,888 shares of the company’s stock worth $11,767,000 after buying an additional 44,722 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Artesian Resources Corp. by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 170,985 shares of the company’s stock worth $5,800,000 after buying an additional 16,907 shares during the last quarter. EAM Investors LLC raised its stake in Artesian Resources Corp. by 17.0% in the second quarter. EAM Investors LLC now owns 65,656 shares of the company’s stock worth $2,227,000 after buying an additional 9,551 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Artesian Resources Corp. during the second quarter worth about $704,000. Finally, KBC Group NV raised its stake in Artesian Resources Corp. by 5.3% in the second quarter. KBC Group NV now owns 41,844 shares of the company’s stock worth $1,419,000 after buying an additional 2,109 shares during the last quarter. Institutional investors own 38.48% of the company’s stock.

Artesian Resources Corp. Company Profile

Artesian Resources Corporation is a holding company. The Company, through its subsidiaries, offers water, wastewater and other services on the Delmarva Peninsula. It distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in Delaware, Maryland and Pennsylvania.

5 Day Chart for NASDAQ:ARTNA

Receive News & Stock Ratings for Artesian Resources Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artesian Resources Corp. and related stocks with our FREE daily email newsletter.