Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) saw unusually-high trading volume on Friday . Approximately 49,560 shares changed hands during mid-day trading, a decline of 40% from the previous session's volume of 83,095 shares.The stock last traded at $31.46 and had previously closed at $29.10.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 7.0 %
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.63 and a current ratio of 0.76. The stock has a market capitalization of $1.41 billion, a PE ratio of 3.96 and a beta of 1.39. The business has a 50 day moving average of $22.78 and a two-hundred day moving average of $18.98.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.46 EPS for the quarter, beating the consensus estimate of ($0.05) by $1.51. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 17.06% and a return on equity of 31.06%. The business had revenue of $551.43 million during the quarter. During the same period in the previous year, the company posted ($0.48) earnings per share. Analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 0.05 EPS for the current year.
Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider's stock worth $56,000 after purchasing an additional 2,976 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter worth $941,000. Finally, Helikon Investments Ltd grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% during the second quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider's stock valued at $8,232,000 after buying an additional 157,042 shares during the last quarter. Institutional investors and hedge funds own 1.64% of the company's stock.
About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
(
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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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