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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $34.24 and last traded at $33.95, with a volume of 5109 shares traded. The stock had previously closed at $33.47.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 1.4 %

The firm has a market cap of $1.55 billion, a PE ratio of 6.67 and a beta of 1.36. The company has a quick ratio of 0.63, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $25.74 and a two-hundred day moving average price of $20.20.

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

Several large investors have recently bought and sold shares of EDN. Helikon Investments Ltd grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% during the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock worth $17,947,000 after buying an additional 307,642 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the second quarter valued at approximately $941,000. BNP Paribas Financial Markets lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock worth $911,000 after acquiring an additional 40,173 shares during the last quarter. BlueCrest Capital Management Ltd grew its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock worth $1,108,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at approximately $260,000. 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.