Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Down 11.2% - Here's What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report)'s stock price dropped 11.2% during trading on Monday . The stock traded as low as $31.54 and last traded at $32.10. Approximately 132,890 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 139,019 shares. The stock had previously closed at $36.15.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 1.9 %

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 firm has a market cap of $1.47 billion, a PE ratio of 6.31 and a beta of 1.38. The company's 50-day moving average is $36.94 and its 200 day moving average is $33.18.

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

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% in the 4th 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 period. Brevan Howard Capital Management LP acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $6,272,000. William Blair Investment Management LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $5,012,000. Millennium Management LLC increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% in the 4th 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 period. Finally, Banco BTG Pactual S.A. increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% during the 4th quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider's stock worth $4,145,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 1.64% of the company's stock.

Remove Ads

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

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.