Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sets New 12-Month High – Time to Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price reached a new 52-week high on Monday . The company traded as high as $47.50 and last traded at $47.50, with a volume of 375 shares changing hands. The stock had previously closed at $46.50.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 2.2 %

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 business’s 50-day simple moving average is $30.48 and its two-hundred day simple moving average is $22.39. The company has a market capitalization of $2.15 billion, a PE ratio of 9.05 and a beta of 1.45.

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

Large investors have recently made changes to their positions in the company. Helikon Investments Ltd boosted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after acquiring an additional 307,642 shares in the last quarter. Ping Capital Management Inc. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter worth approximately $941,000. BlueCrest Capital Management Ltd boosted its stake in 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 worth $1,108,000 after purchasing an additional 20,000 shares during the period. BNP Paribas Financial Markets boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock worth $911,000 after purchasing an additional 40,173 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $260,000. Institutional investors and hedge funds own 1.64% of the company’s stock.

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.