Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $32.05 and traded as high as $36.67. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $34.64, with a volume of 90,853 shares changing hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The company has a market capitalization of $1.55 billion, a P/E ratio of 6.67 and a beta of 1.39. The business’s 50-day moving average is $39.05 and its two-hundred day moving average is $32.07. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

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

Several hedge funds have recently modified their holdings of EDN. GAMMA Investing LLC increased its position in shares of 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 valued at $68,000 after acquiring an additional 677 shares during the last quarter. SG Americas Securities LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at $101,000. Jane Street Group LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at $207,000. Walleye Capital LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth $237,000. Finally, NewEdge Advisors LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth $257,000. 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.