Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Down 6% – Should You Sell?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price dropped 6% during mid-day trading on Tuesday . The stock traded as low as $31.26 and last traded at $31.26. Approximately 30,125 shares were traded during trading, a decline of 78% from the average daily volume of 138,526 shares. The stock had previously closed at $33.27.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The firm’s 50 day simple moving average is $36.16 and its 200-day simple moving average is $33.68. 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 company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 6.18 and a beta of 1.38.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several large investors have recently added to or reduced their stakes in EDN. GAMMA Investing LLC raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th 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 fourth quarter worth $101,000. Jane Street Group LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth $207,000. Walleye Capital LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth $237,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth $257,000. 1.64% of the stock is owned by institutional investors and hedge funds.

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.