Artesian Resources Corp. Director Nicholle Renee Taylor Unloads 6,750 Shares (ARTNA)
Artesian Resources Corp. (NASDAQ:ARTNA) Director Nicholle Renee Taylor sold 6,750 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $21.21, for a total transaction of $143,167.50. Following the sale, the director now directly owns 825 shares in the company, valued at approximately $17,498. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Artesian Resources Corp. (NASDAQ:ARTNA) traded down 0.37% during mid-day trading on Tuesday, hitting $21.55. The stock had a trading volume of 21,392 shares. Artesian Resources Corp. has a 52-week low of $21.04 and a 52-week high of $24.27. The stock’s 50-day moving average is $22.02 and its 200-day moving average is $22.34. The company has a market cap of $191.1 million and a price-to-earnings ratio of 22.07.
Artesian Resources Corp. (NASDAQ:ARTNA) last announced its earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. On average, analysts predict that Artesian Resources Corp. will post $1.15 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ARTNA shares. Analysts at Zacks upgraded shares of Artesian Resources Corp. from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $22.20 price target on the stock.
Artesian Resources Corporation (NASDAQ:ARTNA) operates as a parent holding company of Artesian Water Company, Inc (Artesian Water), Artesian Water Pennsylvania, Inc (Artesian Water Pennsylvania), Artesian Water Maryland, Inc (Artesian Water Maryland), Artesian Wastewater Management, Inc (Artesian Wastewater), Artesian Wastewater Maryland, Inc These Companies are regulated public utilities, while the Company’s three non-regulated subsidiaries include Artesian Utility Development, Inc (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers throughout the states of Delaware, Maryland and Pennsylvania.
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