Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Down 5.8% - Should You Sell?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report)'s stock price fell 5.8% during mid-day trading on Tuesday . The company traded as low as $37.72 and last traded at $37.21. 5,913 shares were traded during mid-day trading, a decline of 98% from the average session volume of 305,000 shares. The stock had previously closed at $39.52.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 0.4 %

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 business's 50 day moving average is $40.94 and its 200-day moving average is $30.50. The firm has a market cap of $1.80 billion, a P/E ratio of 7.72 and a beta of 1.39.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in 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 during the period. SG Americas Securities LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth about $101,000. Walleye Capital LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth about $237,000. NewEdge Advisors LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth about $257,000. Finally, Quadrature Capital Ltd bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth about $260,000. Institutional investors own 1.64% of the company's stock.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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.