(ARTNA) Artesian Resources - Ratings and Ratios

Artesian Resources Corporation (NASDAQ:ARTNA), a prominent player in the water utilities sector, operates across Delaware, Maryland, and Pennsylvania, providing essential water and wastewater services. As a key service provider, the company serves a diverse customer base, including residential, commercial, and governmental entities, ensuring reliable water supply and wastewater management. Their infrastructure includes over 1,470 miles of transmission and distribution mains, underscoring their extensive network and commitment to service quality.

In addition to their core services, Artesian offers contract services, protection plans, and engineering solutions, demonstrating a comprehensive approach to utility management. Their real estate holdings and additional services in stormwater management highlight their strategic diversification and commitment to sustainability. As of December 2023, they serve approximately 95,900 customers in Delaware, 2,600 in Maryland, and 40 in Pennsylvania, showcasing their regional market presence.

Founded in 1905 and headquartered in Newark, Delaware, Artesian Resources Corporation is dedicated to innovative solutions and community engagement, with initiatives in water conservation and renewable energy. Their focus on sustainability aligns with industry trends, positioning them as a forward-thinking utility provider.

3-Month Forecast: Based on technical indicators, ARTNA may experience a slight decline as the SMA 20 ($31.39) and SMA 50 ($31.02) suggest a potential downtrend, with the SMA 200 ($34.43) indicating longer-term weakness. The low ATR (0.82) signals moderate volatility. Fundamentally, the forward P/E (16.16) hints at possible growth despite a current P/E of 16.57. With a market cap of $330.67M and RoE of 8.40%, ARTNA may attract value investors seeking stability in the utilities sector. Expect price movements to stay within a narrow range, with potential upside if the company demonstrates operational improvements or strategic initiatives.