Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Down 6.8% – What’s Next?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price fell 6.8% during mid-day trading on Wednesday . The stock traded as low as $22.29 and last traded at $22.43. 64,461 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 138,354 shares. The stock had previously closed at $24.07.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 12.4 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The business has a 50 day simple moving average of $33.49 and a 200-day simple moving average of $34.49. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 5.57 and a beta of 1.28.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after buying an additional 40,173 shares during the period. JPMorgan Chase & Co. increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock worth $1,757,000 after acquiring an additional 2,610 shares during the last quarter. GAMMA Investing LLC raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 677 shares during the period. SG Americas Securities LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $101,000. Finally, Verde Servicos Internacionais S.A. purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth $920,000. 1.64% of the stock is owned by hedge funds and other institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

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.