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

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) gapped up prior to trading on Wednesday . The stock had previously closed at $30.56, but opened at $31.52. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $31.04, with a volume of 452 shares trading hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The company has a market cap of $1.41 billion, a price-to-earnings ratio of 6.06 and a beta of 1.38. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The stock’s fifty day simple moving average is $36.26 and its 200 day simple moving average is $33.69.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the 4th 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. BNP Paribas Financial Markets raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1.7% in the 4th quarter. BNP Paribas Financial Markets now owns 41,796 shares of the utilities provider’s stock valued at $1,793,000 after acquiring an additional 691 shares during the last quarter. Citadel Advisors LLC raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4.3% in the 4th quarter. Citadel Advisors LLC now owns 53,182 shares of the utilities provider’s stock valued at $2,282,000 after acquiring an additional 2,206 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at about $101,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock worth $1,757,000 after buying an additional 2,610 shares during the last quarter. Institutional investors and hedge funds 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.