Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Up 9.2% – What’s Next?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price was up 9.2% during mid-day trading on Monday . The stock traded as high as $37.38 and last traded at $37.37. Approximately 78,517 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 90,940 shares. The stock had previously closed at $34.23.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

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 has a market capitalization of $1.66 billion, a price-to-earnings ratio of 7.13 and a beta of 1.36. The stock has a 50-day simple moving average of $26.34 and a 200 day simple moving average of $20.51.

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

A number of hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $260,000. BlueCrest Capital Management Ltd increased its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the third quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock valued at $1,108,000 after buying an additional 20,000 shares in the last quarter. Walleye Capital LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $237,000. BNP Paribas Financial Markets lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock worth $911,000 after buying an additional 40,173 shares in the last quarter. Finally, Helikon Investments Ltd lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after acquiring an additional 307,642 shares during the last quarter. 1.64% of the stock is owned by hedge funds and other institutional investors.

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.