Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading 5% Higher – Time to Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDNGet Free Report) was up 5% on Tuesday . The stock traded as high as $32.84 and last traded at $32.84. Approximately 86,963 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 89,977 shares. The stock had previously closed at $31.27.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 4.3 %

The company has a fifty day simple moving average of $24.66 and a two-hundred day simple moving average of $19.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.76 and a quick ratio of 0.63. The company has a market capitalization of $1.48 billion, a P/E ratio of 3.89 and a beta of 1.36.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 2,976 shares during the last quarter. Ping Capital Management Inc. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter valued at $941,000. Finally, Helikon Investments Ltd lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% during the second quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider’s stock valued at $8,232,000 after purchasing an additional 157,042 shares during the last quarter. 1.64% of the stock is owned by institutional investors.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empresa Distribuidora y Comercializadora Norte Sociedad Anónima and related companies with MarketBeat.com's FREE daily email newsletter.