Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Up 7.6% – What’s Next?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares traded up 7.6% during mid-day trading on Thursday . The stock traded as high as $46.52 and last traded at $46.17. 220,486 shares changed hands during mid-day trading, an increase of 108% from the average session volume of 105,875 shares. The stock had previously closed at $42.91.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 8.7 %

The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $38.52 and a 200-day moving average of $25.92. The firm has a market capitalization of $2.11 billion, a P/E ratio of 9.08 and a beta of 1.45.

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

A number of large investors have recently added to or reduced their stakes in the company. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $237,000. Quadrature Capital Ltd acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth $260,000. BNP Paribas Financial Markets grew its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 40,173 shares in the last quarter. BlueCrest Capital Management Ltd increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock valued at $1,108,000 after buying an additional 20,000 shares during the last quarter. Finally, Ping Capital Management Inc. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at $941,000. Institutional investors own 1.64% of the company’s stock.

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.