Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading 4.5% Higher – Should You Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was up 4.5% on Tuesday . The stock traded as high as $40.08 and last traded at $39.87. Approximately 44,220 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 92,932 shares. The stock had previously closed at $38.17.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 2.0 %

The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 7.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. The business has a 50-day moving average of $27.67 and a 200-day moving average of $21.12.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EDN. Helikon Investments Ltd boosted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the 3rd quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after buying an additional 307,642 shares during the last quarter. Ping Capital Management Inc. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter worth $941,000. BlueCrest Capital Management Ltd lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the third quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock valued at $1,108,000 after acquiring an additional 20,000 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after acquiring an additional 40,173 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at about $260,000. Institutional investors and hedge funds 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.