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Artesian Resources Corp. (NASDAQ:ARTNA)’s share price reached a new 52-week low during trading on Tuesday , Stock Ratings Network reports. The stock traded as low as $20.78 and last traded at $20.87, with a volume of 40,155 shares changing hands. The stock had previously closed at $21.36.

ARTNA has been the subject of a number of recent research reports. Analysts at Hilliard Lyons downgraded shares of Artesian Resources Corp. from a “buy” rating to an “underperform” rating in a research note on Friday.

The stock has a 50-day moving average of $21.84 and a 200-day moving average of $22.06. The company has a market cap of $187.3 million and a P/E ratio of 23.22.

Artesian Resources Corp. (NASDAQ:ARTNA) last released its earnings data on Thursday, August 7th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.10. On average, analysts predict that Artesian Resources Corp. will post $1.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Monday, August 11th will be paid a dividend of $0.2119 per share. This represents a $0.85 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Thursday, August 7th.

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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