Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Down to $16.55

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $16.55, but opened at $16.19. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $16.35, with a volume of 2,742 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 3.7 %

The company has a quick ratio of 0.67, a current ratio of 0.79 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average is $17.43 and its two-hundred day moving average is $18.01. The stock has a market capitalization of $721.95 million, a price-to-earnings ratio of 2.57 and a beta of 1.51.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last issued its earnings results on Friday, May 10th. The utilities provider reported $1.39 earnings per share (EPS) for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 25.90% and a net margin of 14.11%. The business had revenue of $331.11 million during the quarter. Equities analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $1,179,000. Autonomy Capital Jersey L.P. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at $78,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock worth $2,093,000 after purchasing an additional 33,510 shares in the last quarter. Helikon Investments Ltd grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% during the fourth quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock worth $5,798,000 after purchasing an additional 27,578 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the first 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 in the last quarter. 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.