Artesian Resources Corp (NASDAQ: ARTNA) stock closed at $34.52 on 5/28/24 after a major decline of -10.4%. Moreover, exceptionally high trading volume at 749% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -14.7% during the last week.
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 18, triggering the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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