Artesian Resources (NASDAQ:ARTNA) Issues Quarterly Earnings Results

Artesian Resources (NASDAQ:ARTNA) posted its earnings results on Monday. The utilities provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01, Yahoo Finance reports. Artesian Resources had a return on equity of 7.62% and a net margin of 16.89%.

Artesian Resources Trading Up 2.7 %

NASDAQ ARTNA traded up $1.00 on Tuesday, hitting $38.07. The company’s stock had a trading volume of 7,093 shares, compared to its average volume of 35,628. The firm has a market cap of $391.74 million, a P/E ratio of 22.93 and a beta of 0.20. The company has a current ratio of 1.37, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The company’s 50-day simple moving average is $35.55 and its 200 day simple moving average is $38.27. Artesian Resources has a 52-week low of $33.42 and a 52-week high of $55.98.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TheStreet downgraded Artesian Resources from a “b-” rating to a “c+” rating in a report on Monday, February 5th. StockNews.com raised Artesian Resources from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th.

Artesian Resources Company Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. 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 collection, treatment infrastructure, and wastewater services to customers in Delaware.