Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.66 and traded as high as $40.22. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $39.75, with a volume of 198,119 shares changing hands.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance
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 stock's fifty day moving average is $41.11 and its 200-day moving average is $29.95. The stock has a market cap of $1.74 billion, a PE ratio of 7.48 and a beta of 1.39.
Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
A number of hedge funds have recently made changes to their positions in the stock. Helikon Investments Ltd raised its position in 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 valued at $17,947,000 after purchasing an additional 307,642 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at $2,938,000. Truxt Investmentos Ltda. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $1,810,000. BNP Paribas Financial Markets lifted its stake 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 worth $911,000 after acquiring an additional 40,173 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $920,000. Hedge funds and other institutional investors own 1.64% of the company's stock.
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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