Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Large Volume Increase – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares saw unusually-strong trading volume on Wednesday . Approximately 284,533 shares traded hands during trading, a decline of 11% from the previous session’s volume of 318,616 shares.The stock last traded at $39.34 and had previously closed at $42.62.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 6.3 %

The firm has a fifty day moving average of $39.96 and a 200-day moving average of $26.78. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.81 billion, a P/E ratio of 7.77 and a beta of 1.42.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several institutional investors and hedge funds have recently bought and sold shares of the business. Helikon Investments Ltd lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% during the 3rd quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after purchasing an additional 307,642 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock worth $1,757,000 after buying an additional 2,610 shares during the last quarter. BlueCrest Capital Management Ltd grew its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock valued at $1,108,000 after buying an additional 20,000 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after acquiring an additional 40,173 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth approximately $260,000. Institutional investors own 1.64% of the company’s stock.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima operates as a subsidiary of Empresa de Energía del Cono Sur SA.