Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $34.24 and last traded at $33.95, with a volume of 5109 shares changing hands. The stock had previously closed at $33.47.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance
The stock has a 50-day simple moving average of $25.48 and a 200-day simple moving average of $20.08. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 4.32 and a beta of 1.36. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.09.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in EDN. Helikon Investments Ltd grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the third 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 in the last quarter. Ping Capital Management Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter valued at about $941,000. BlueCrest Capital Management Ltd boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the third 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 in the last quarter. BNP Paribas Financial Markets boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the third 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, Walleye Capital LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at about $237,000. 1.64% of the stock is currently owned by institutional investors.
About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
(
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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.
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