Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Hits New 12-Month High – Here’s What Happened

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 0.4 %

The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 8.89 and a beta of 1.45. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. The stock has a 50-day moving average of $31.41 and a 200-day moving average of $22.81.

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

A number of large investors have recently added to or reduced their stakes in EDN. Helikon Investments Ltd grew its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% during the second quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider’s stock worth $8,232,000 after buying an additional 157,042 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter worth approximately $941,000. BNP Paribas Financial Markets grew its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock worth $911,000 after buying an additional 40,173 shares in the last quarter. Walleye Capital LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth approximately $237,000. Finally, BlueCrest Capital Management Ltd grew its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the third quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock worth $1,108,000 after buying an additional 20,000 shares in the last quarter. Institutional investors and hedge funds 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.