Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Up 9.2% – Should You Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shot up 9.2% on Monday . The company traded as high as $37.38 and last traded at $37.37. 78,517 shares traded hands during trading, a decline of 14% from the average session volume of 90,940 shares. The stock had previously closed at $34.23.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 0.4 %

The business has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $20.51. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.66 billion, a PE ratio of 7.13 and a beta of 1.36.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of 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 valued at $56,000 after buying an additional 2,976 shares during the last quarter. Helikon Investments Ltd increased its stake in 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 worth $8,232,000 after acquiring an additional 157,042 shares during the last quarter. Ping Capital Management Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter worth about $941,000. Walleye Capital LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at $237,000. Finally, BlueCrest Capital Management Ltd increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the 3rd 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 in the last quarter. 1.64% of the stock is currently owned by institutional investors and hedge funds.

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.