Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading 8.8% Higher – Time to Buy?

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) traded up 8.8% during trading on Tuesday . The stock traded as high as $36.06 and last traded at $35.89. 519,079 shares changed hands during trading, an increase of 34% from the average session volume of 387,787 shares. The stock had previously closed at $32.98.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 9.4 %

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 firm’s 50 day moving average price is $40.69 and its two-hundred day moving average price is $28.00. The company has a market cap of $1.64 billion, a P/E ratio of 7.02 and a beta of 1.42.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted 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 worth $68,000 after acquiring an additional 677 shares during the period. SG Americas Securities LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth about $101,000. Walleye Capital LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at about $237,000. Quadrature Capital Ltd purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $260,000. Finally, BNP Paribas Financial Markets raised its position 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 worth $911,000 after acquiring an additional 40,173 shares during the period. 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.