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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $36.12, but opened at $37.55. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $37.32, with a volume of 25,420 shares changing hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The company has a market cap of $1.65 billion, a price-to-earnings ratio of 7.08 and a beta of 1.42. The company has a 50-day simple moving average of $40.82 and a 200-day simple moving average of $28.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of large investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after buying an additional 677 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $101,000. Walleye Capital LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $237,000. Quadrature Capital Ltd acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $260,000. Finally, ABS Direct Equity Fund LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $731,000. Hedge funds and other institutional investors 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.