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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Up - Still a Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima logo with Utilities background
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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $30.56, but opened at $31.52. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $31.04, with a volume of 452 shares.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 4.0 %

The stock's 50 day moving average is $35.98 and its two-hundred day moving average is $33.96. The company has a market capitalization of $1.51 billion, a PE ratio of 6.47 and a beta of 1.38. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several hedge funds have recently modified their holdings of the company. Voloridge Investment Management LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at about $258,000. Two Sigma Investments LP purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at about $386,000. Tidal Investments LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at about $519,000. Millennium Management LLC lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% during the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider's stock valued at $4,403,000 after buying an additional 65,666 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider's stock valued at $23,360,000 after buying an additional 286,989 shares during the last quarter. 1.64% of the stock is owned by hedge funds and other institutional investors.

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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.

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