Artesian Resources Corporation (NASDAQ:ARTNA), a key player in the water utility sector, has seen its stock price touch a 52-week low, dipping to $32.81. The company, with a market capitalization of $340 million, maintains a solid 3.62% dividend yield and has consistently raised its dividend for 32 consecutive years, according to InvestingPro data. This latest price level reflects a significant downturn from the company's performance over the past year, with Artesian stock experiencing a 1-year change of -22.52%. The stock currently trades near its InvestingPro Fair Value, suggesting a balanced valuation, and maintains a low beta of 0.21, indicating less volatility than the broader market. Investors are closely monitoring the stock as it navigates through the current economic landscape, which has been marked by volatility and shifting market dynamics. The company's ability to rebound from this 52-week low will be watched with keen interest by stakeholders and market analysts alike. InvestingPro subscribers can access 5 additional key insights about ARTNA's financial health and growth prospects.
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