Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading Down 11.2% – Time to Sell?

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 4.0 %

The business’s 50 day moving average price is $37.44 and its two-hundred day moving average price is $33.19. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 6.45 and a beta of 1.38.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider’s stock valued at $23,360,000 after buying an additional 286,989 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at about $6,272,000. William Blair Investment Management LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $5,012,000. Mirabella Financial Services LLP acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $3,152,000. Finally, SPX Gestao de Recursos Ltda bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $2,938,000. 1.64% of the stock is owned by institutional investors.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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.