Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Hits New 12-Month Low – Here’s Why

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) reached a new 52-week low during trading on Monday. The company traded as low as $16.89 and last traded at $17.2570, with a volume of 6,373 shares trading hands. The stock had previously closed at $18.91.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Down 5.2%

The company has a market cap of $810.88 million, a PE ratio of 4.28 and a beta of 1.35. The company’s 50 day moving average is $22.19 and its 200 day moving average is $24.51. The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last released its quarterly earnings results on Tuesday, August 11th. The utilities provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.81. The business had revenue of $618.97 million for the quarter, compared to analysts’ expectations of $217.79 million. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a net margin of 7.46% and a return on equity of 10.31%. As a group, analysts predict that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

An institutional investor recently bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock. Militia Capital Management LLC bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,902 shares of the utilities provider’s stock, valued at approximately $447,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

Empresa Distribuidora y Comercializadora Norte SA, commonly known as Edenor, is an Argentine electric utility that distributes electricity to residential, commercial and industrial customers. The company operates and maintains the low-, medium- and high-voltage distribution network, manages customer connections and metering, and provides related billing and customer-support services.

Edenor serves the northern and northwestern areas of the Buenos Aires metropolitan region, including portions of the Autonomous City of Buenos Aires and surrounding municipalities in Buenos Aires Province.