Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) dropped 6.8% during mid-day trading on Wednesday . The stock traded as low as $22.29 and last traded at $22.43. Approximately 64,461 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 138,354 shares. The stock had previously closed at $24.07.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance
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 stock's fifty day moving average is $33.36 and its two-hundred day moving average is $34.64. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 6.20 and a beta of 1.28.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EDN. GAMMA Investing LLC grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock worth $68,000 after buying an additional 677 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1.7% during the 4th quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider's stock worth $1,793,000 after purchasing an additional 691 shares during the period. Citadel Advisors LLC boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4.3% in the fourth quarter. Citadel Advisors LLC now owns 53,182 shares of the utilities provider's stock valued at $2,282,000 after acquiring an additional 2,206 shares during the last quarter. SG Americas Securities LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $101,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock worth $1,757,000 after acquiring an additional 2,610 shares during the period. Institutional investors and hedge funds own 1.64% of the company's stock.
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.
Featured Articles
Before you consider Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Empresa Distribuidora y Comercializadora Norte Sociedad Anónima wasn't on the list.
While Empresa Distribuidora y Comercializadora Norte Sociedad Anónima currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
