Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Strong Trading Volume – Time to Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares saw an uptick in trading volume on Wednesday . 90,435 shares were traded during mid-day trading, an increase of 16% from the previous session’s volume of 78,201 shares.The stock last traded at $24.04 and had previously closed at $23.55.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 3.1 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.63 and a current ratio of 0.76. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 4.05 and a beta of 1.39. The stock’s fifty day simple moving average is $21.84 and its two-hundred day simple moving average is $18.67.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last posted its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $1.51. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 17.06% and a return on equity of 31.06%. The company had revenue of $551.43 million during the quarter. During the same period in the prior year, the company posted ($0.48) earnings per share. On average, sell-side analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 0.05 EPS for the current year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after buying an additional 2,976 shares in the last quarter. Ping Capital Management Inc. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter valued at about $941,000. Finally, Helikon Investments Ltd lifted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 15.3% during the first quarter. Helikon Investments Ltd now owns 345,218 shares of the utilities provider’s stock valued at $6,107,000 after buying an additional 45,901 shares in 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.