Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Strong Trading Volume - Should You Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) saw an uptick in trading volume on Wednesday . 90,435 shares changed hands during mid-day trading, an increase of 16% from the previous session's volume of 78,201 shares.The stock last traded at $24.04 and had previously closed at $23.55.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 2.3 %

The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 3.80 and a beta of 1.39. The company has a fifty day simple moving average of $21.68 and a 200-day simple moving average of $18.62.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its earnings results on Wednesday, August 7th. The utilities provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $1.51. The business had revenue of $551.43 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 17.06% and a return on equity of 31.06%. During the same period last year, the business earned ($0.48) earnings per share. On average, research analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider's stock valued at $56,000 after acquiring an additional 2,976 shares in the last quarter. Ping Capital Management Inc. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter worth about $941,000. Finally, Helikon Investments Ltd raised its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 15.3% during the 1st quarter. Helikon Investments Ltd now owns 345,218 shares of the utilities provider's stock worth $6,107,000 after purchasing an additional 45,901 shares in the last quarter. 1.64% of the stock is owned by hedge funds and other institutional investors.

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.