Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Hits New 52-Week High – What’s Next?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $34.24 and last traded at $33.95, with a volume of 5109 shares trading hands. The stock had previously closed at $33.47.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 1.4 %

The business has a fifty day moving average price of $25.74 and a two-hundred day moving average price of $20.20. The company has a current ratio of 0.82, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.55 billion, a PE ratio of 6.67 and a beta of 1.36.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EDN. Quadrature Capital Ltd acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $260,000. BlueCrest Capital Management Ltd raised its position 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 period. Walleye Capital LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth $237,000. BNP Paribas Financial Markets boosted its position in shares of 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 worth $911,000 after buying an additional 40,173 shares during the period. Finally, Helikon Investments Ltd boosted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% during the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock worth $17,947,000 after buying an additional 307,642 shares during the period. Hedge funds and other 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.