Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sets New 12-Month High – Time to Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s share price reached a new 52-week high on Monday . The company traded as high as $47.50 and last traded at $47.50, with a volume of 375 shares changing hands. The stock had previously closed at $46.50.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 2.2 %

The firm has a market cap of $2.15 billion, a P/E ratio of 9.05 and a beta of 1.45. The business’s fifty day moving average price is $30.48 and its two-hundred day moving average price is $22.39. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at $237,000. Quadrature Capital Ltd bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at $260,000. BlueCrest Capital Management Ltd grew its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the 3rd 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 during the last quarter. BNP Paribas Financial Markets grew its stake 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 buying an additional 40,173 shares during the last quarter. Finally, Ping Capital Management Inc. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at $941,000. 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.