Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Up 5.9%

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares shot up 5.9% on Monday . The company traded as high as $19.78 and last traded at $19.78. 27,746 shares were traded during mid-day trading, a decline of 63% from the average session volume of 75,240 shares. The stock had previously closed at $18.68.

Analyst Ratings Changes

Separately, StockNews.com lowered Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Monday, March 18th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The stock’s fifty day simple moving average is $17.32 and its 200-day simple moving average is $16.92. The company has a market capitalization of $906.46 million, a PE ratio of 5.32 and a beta of 1.46. The company has a quick ratio of 0.54, a current ratio of 0.65 and a debt-to-equity ratio of 0.10.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last posted its earnings results on Monday, March 11th. The utilities provider reported ($0.25) earnings per share for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 8.22% and a return on equity of 15.78%. The business had revenue of $785.09 million for the quarter. On average, research analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 2,976 shares during the period. Helikon Investments Ltd increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 15.3% in the first quarter. Helikon Investments Ltd now owns 345,218 shares of the utilities provider’s stock worth $6,107,000 after buying an additional 45,901 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock valued at $2,093,000 after purchasing an additional 33,510 shares in the last quarter. Autonomy Capital Jersey L.P. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at approximately $78,000. Finally, Citigroup Inc. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at about $1,179,000. 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.