Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Up – Should You Buy?

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) gapped up prior to trading on Thursday . The stock had previously closed at $32.88, but opened at $33.73. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $33.79, with a volume of 3,532 shares changing hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 0.6 %

The business’s fifty day simple moving average is $35.89 and its 200 day simple moving average is $34.14. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 6.36 and a beta of 1.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake 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 buying an additional 677 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $101,000. Jane Street Group LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $207,000. Walleye Capital LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $237,000. Finally, NewEdge Advisors LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth $257,000. 1.64% of the stock is owned by institutional investors and hedge funds.

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.