Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading Down 3.4% – What’s Next?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was down 3.4% during trading on Wednesday . The company traded as low as $40.29 and last traded at $40.71. Approximately 45,121 shares were traded during trading, a decline of 52% from the average daily volume of 94,802 shares. The stock had previously closed at $42.14.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The stock has a 50 day moving average of $30.00 and a two-hundred day moving average of $22.13. 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 has a market capitalization of $2.04 billion, a P/E ratio of 8.75 and a beta of 1.45.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several large investors have recently modified their holdings of EDN. Helikon Investments Ltd boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the 3rd quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after purchasing an additional 307,642 shares during the period. Ping Capital Management Inc. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter worth about $941,000. BlueCrest Capital Management Ltd grew its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the third quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock worth $1,108,000 after buying an additional 20,000 shares in the last quarter. BNP Paribas Financial Markets raised its holdings 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 valued at $911,000 after acquiring an additional 40,173 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $260,000. 1.64% of the stock is owned by institutional investors.

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.