Artesian Resources Corp (NASDAQ: ARTNA) has reported earnings for its first fiscal quarter (ending March 31) of $0.43 versus $0.39 for the same period a year ago — an increase of 10%. For the latest four quarters through March 31, E.P.S. were $1.70 compared to $1.81 a year ago — a decline of -6%.
Recent Price Action
Artesian Resources Corp (NASDAQ: ARTNA) stock closed at $37.07 on 5/6/24 after a slight decline of -0.7%. However, this decline was accompanied by unusually low trading volume at 57% of normal. The stock has risen 7.4% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ARTNA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Artesian Resources has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Artesian Resources has a slightly negative Appreciation Score of 32 and a poor Power Rating of 17, triggering 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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