Artesian Resources Corp (NASDAQ: ARTNA) has reported E.P.S. of $0.34 for its fourth fiscal quarter (ending December 31) versus $0.24 for the same period a year ago — an increase of 42%. For the latest four quarters through December 31, E.P.S. were $1.67 compared to $1.90 a year ago — a decline of -12%.
Recent Price Action
Artesian Resources Corp (NASDAQ: ARTNA) stock closed at $36.02 on 3/13/24 after a slight decline of -0.6%. Moreover, unusually high trading volume at 161% of normal accompanied the decline. The stock has risen 0.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ARTNA is expected to continue to be a modest Value Builder.
Artesian Resources has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Artesian Resources has a slightly negative Appreciation Score of 35 and a poor Power Rating of 26, leading to the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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