Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Down 11.2% – Here’s What Happened

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) were down 11.2% on Monday . The stock traded as low as $31.54 and last traded at $32.10. Approximately 132,890 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 139,019 shares. The stock had previously closed at $36.15.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 10.6 %

The stock has a market cap of $1.46 billion, a P/E ratio of 6.29 and a beta of 1.38. 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’s 50-day moving average is $37.88 and its 200-day moving average is $32.99.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EDN. Voloridge Investment Management LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $258,000. Two Sigma Investments LP bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth approximately $386,000. Tidal Investments LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth approximately $519,000. Millennium Management LLC increased its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% in the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider’s stock valued at $4,403,000 after buying an additional 65,666 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider’s stock valued at $23,360,000 after acquiring an additional 286,989 shares during the last quarter. 1.64% of the stock is owned by institutional investors and hedge funds.

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.