Artesian Resources Corp. Insider Dian C. Taylor Sells 6,750 Shares (ARTNA)
Artesian Resources Corp. (NASDAQ:ARTNA) Insider Dian C. Taylor sold 6,750 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $21.41, for a total transaction of $144,517.50. Following the completion of the transaction, the insider now directly owns 90,450 shares in the company, valued at approximately $1,936,535. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Artesian Resources Corp. (NASDAQ:ARTNA) traded up 2.27% on Friday, hitting $22.09. The stock had a trading volume of 23,875 shares. Artesian Resources Corp. has a one year low of $21.03 and a one year high of $24.27. The stock’s 50-day moving average is $21.9 and its 200-day moving average is $22.32. The company has a market cap of $195.9 million and a price-to-earnings ratio of 22.04.
Artesian Resources Corp. (NASDAQ:ARTNA) last posted its quarterly 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. Analysts expect that Artesian Resources Corp. will post $1.16 EPS for the current fiscal year.
ARTNA has been the subject of a number of recent research reports. 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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