Artesian Resources (NASDAQ:ARTNA - Get Free Report) issued its quarterly earnings data on Monday. The utilities provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05, Zacks reports. Artesian Resources had a net margin of 17.74% and a return on equity of 7.90%. The firm had revenue of $29.14 million for the quarter, compared to the consensus estimate of $29.00 million.
Artesian Resources Price Performance
Shares of NASDAQ ARTNA traded up $2.80 during midday trading on Tuesday, reaching $36.08. The company's stock had a trading volume of 56,652 shares, compared to its average volume of 50,225. Artesian Resources has a one year low of $32.93 and a one year high of $44.78. The company has a market cap of $371.48 million, a price-to-earnings ratio of 18.27 and a beta of 0.21. The company has a 50 day moving average price of $36.03 and a 200 day moving average price of $36.71. The company has a current ratio of 1.30, a quick ratio of 1.09 and a debt-to-equity ratio of 0.76.
About Artesian Resources
(
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Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.
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