Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Down 3.9% – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) was down 3.9% during trading on Wednesday . The stock traded as low as $35.34 and last traded at $35.34. Approximately 22,512 shares changed hands during trading, a decline of 75% from the average daily volume of 91,549 shares. The stock had previously closed at $36.77.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The firm has a market cap of $1.66 billion, a PE ratio of 7.18 and a beta of 1.36. The firm’s fifty day simple moving average is $26.34 and its two-hundred day simple moving average is $20.51. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several institutional investors and hedge funds have recently added to or reduced their stakes in EDN. Helikon Investments Ltd boosted 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 acquiring an additional 307,642 shares during the last quarter. Ping Capital Management Inc. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the second quarter worth $941,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 worth $911,000 after acquiring an additional 40,173 shares during the last quarter. BlueCrest Capital Management Ltd boosted its stake in shares of 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 purchasing an additional 20,000 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at about $260,000. 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.