Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Up 6.7% – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s share price traded up 6.7% during mid-day trading on Friday . The stock traded as high as $26.56 and last traded at $27.18. 30,514 shares were traded during mid-day trading, a decline of 84% from the average session volume of 196,340 shares. The stock had previously closed at $25.48.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

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 stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 5.60 and a beta of 1.28. The company has a fifty day simple moving average of $33.72 and a 200 day simple moving average of $34.46.

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

A number of institutional investors and hedge funds have recently bought and sold shares of EDN. BNP Paribas Financial Markets boosted 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 buying an additional 40,173 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock worth $1,757,000 after acquiring an additional 2,610 shares in the last quarter. GAMMA Investing LLC boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 677 shares during the period. SG Americas Securities LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $101,000. Finally, Verde Servicos Internacionais S.A. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth $920,000. 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.