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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Up - Here's What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima logo with Utilities background

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $32.88, but opened at $33.73. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $33.79, with a volume of 3,532 shares trading hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 3.1 %

The business's 50 day moving average is $35.84 and its 200 day moving average is $34.36. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.38 billion, a P/E ratio of 5.93 and a beta of 1.38.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of hedge funds and other institutional investors have recently bought and sold shares of EDN. GAMMA Investing LLC increased its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock worth $68,000 after purchasing an additional 677 shares in the last quarter. SG Americas Securities LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $101,000. Jane Street Group LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth about $207,000. Walleye Capital LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $237,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at about $257,000. Hedge funds and other institutional investors own 1.64% of the company's stock.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

(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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