What Next for Artesian Resources Corporation (ARTNA) Stock After Touching Record High?

October 13, 2017 - By Migdalia James

Investors sentiment increased to 1.31 in Q2 2017. Its up 0.14, from 1.17 in 2017Q1. It is positive, as 7 investors sold Artesian Resources Corporation shares while 22 reduced holdings. 10 funds opened positions while 28 raised stakes. 3.38 million shares or 3.66% less from 3.51 million shares in 2017Q1 were reported.
Kbc Group Nv holds 0.02% or 46,568 shares. Fca Corporation Tx holds 1.36% or 82,774 shares in its portfolio. Morgan Stanley reported 108,667 shares or 0% of all its holdings. North Star Inv Management accumulated 26,700 shares or 0.13% of the stock. Cutter & Brokerage owns 29,849 shares. 144,011 were accumulated by Wfg Ltd Partnership. Renaissance reported 301,700 shares. Water Asset Mngmt Limited Liability has 156,654 shares for 2.53% of their portfolio. Moreover, Janney Montgomery Scott Llc has 0.01% invested in Artesian Resources Corporation (NASDAQ:ARTNA). The New Jersey-based Bessemer Grp Inc Inc has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). 22,275 are held by Tiaa Cref Management Ltd Liability Co. State Street Corp stated it has 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Moreover, Motco has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 990 shares. Northern Tru invested in 114,661 shares or 0% of the stock. Cornerstone Cap Mgmt Llc invested in 0% or 1,217 shares.

Since May 10, 2017, it had 0 insider purchases, and 3 selling transactions for $668,775 activity. 1,000 shares were sold by BIEDERMAN KENNETH R, worth $36,000 on Wednesday, May 10. Another trade for 13,500 shares valued at $547,987 was made by EISENBREY JOHN R JR on Thursday, June 15. 2,255 Artesian Resources Corporation (NASDAQ:ARTNA) shares with value of $84,788 were sold by WYER WILLIAM C.

The stock of Artesian Resources Corporation (NASDAQ:ARTNA) reached all time high today, Oct, 13 and still has $45.89 target or 8.00 % above today’s $42.49 share price. This indicates more upside for the $389.44 million company. This technical setup was reported by Barchart.com. If the $45.89 PT is reached, the company will be worth $31.16M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.16% or $0.07 during the last trading session, reaching $42.49. About 22,727 shares traded or 1.85% up from the average. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 34.39% since October 13, 2016 and is uptrending. It has outperformed by 17.69% the S&P500.

Artesian Resources Corporation (NASDAQ:ARTNA) Ratings Coverage

Among 2 analysts covering Artesian Resources (NASDAQ:ARTNA), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Artesian Resources had 4 analyst reports since August 7, 2015 according to SRatingsIntel. Hilliard Lyons upgraded the stock to “Neutral” rating in Friday, November 6 report. The stock of Artesian Resources Corporation (NASDAQ:ARTNA) has “Underperform” rating given on Wednesday, October 21 by Hilliard Lyons. The firm has “Hold” rating by Zacks given on Friday, August 7. The firm earned “Neutral” rating on Wednesday, March 2 by Robert W. Baird.

More notable recent Artesian Resources Corporation (NASDAQ:ARTNA) news were published by: Nasdaq.com which released: “Artesian Resources Corporation (ARTNA) Ex-Dividend Date Scheduled for August …” on August 09, 2017, also Globenewswire.com with their article: “Artesian Resources Corporation announces support for Infrastructure Week” published on May 16, 2017, Globenewswire.com published: “Artesian Resources Corporation Reports First Quarter 2017 Results” on May 03, 2017. More interesting news about Artesian Resources Corporation (NASDAQ:ARTNA) were released by: Globenewswire.com and their article: “Artesian Water Company, Inc. Enters Into Agreement to purchase water assets of …” published on February 28, 2017 as well as Globenewswire.com‘s news article titled: “Artesian Resources Corporation Announces Promotion of Joseph A. DiNunzio to …” with publication date: June 08, 2017.

Artesian Resources Corporation is a holding company. The company has market cap of $389.44 million. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. It has a 29.12 P/E ratio. The Firm distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in the states of Delaware, Maryland and Pennsylvania.

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