Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Hits New 1-Year High – Here’s Why

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares reached a new 52-week high on Monday . The stock traded as high as $40.79 and last traded at $40.79, with a volume of 10551 shares traded. The stock had previously closed at $39.98.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. The firm has a market capitalization of $1.83 billion, a P/E ratio of 7.78 and a beta of 1.36. The company’s 50-day simple moving average is $28.51 and its two-hundred day simple moving average is $21.53.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of institutional investors and hedge funds have recently bought and sold shares of EDN. Helikon Investments Ltd boosted its stake in shares of 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 worth $17,947,000 after purchasing an additional 307,642 shares during the period. Ping Capital Management Inc. purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter worth about $941,000. BlueCrest Capital Management Ltd boosted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock worth $1,108,000 after purchasing an additional 20,000 shares during the period. BNP Paribas Financial Markets lifted its holdings in 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 in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at about $260,000. 1.64% of the stock is currently owned by 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.