Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading Up 6.1% – Should You Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shot up 6.1% during mid-day trading on Tuesday . The stock traded as high as $36.14 and last traded at $36.01. 205,508 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 418,497 shares. The stock had previously closed at $33.93.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 5.6 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The business has a 50 day moving average price of $40.64 and a 200 day moving average price of $27.57.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock valued at $68,000 after buying an additional 677 shares during the period. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth $237,000. Quadrature Capital Ltd purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth $260,000. BNP Paribas Financial Markets boosted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 40,173 shares in the last quarter. Finally, BlueCrest Capital Management Ltd grew 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 purchasing an additional 20,000 shares during 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.