Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Up 4.5% – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shot up 4.5% during mid-day trading on Tuesday . The company traded as high as $40.08 and last traded at $39.87. 44,220 shares changed hands during trading, a decline of 52% from the average session volume of 92,932 shares. The stock had previously closed at $38.17.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 4.6 %

The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $27.38 and its 200-day moving average price is $20.98. The stock has a market capitalization of $1.81 billion, a P/E ratio of 7.76 and a beta of 1.36.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position 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 acquiring an additional 2,976 shares during the last quarter. Walleye Capital LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $237,000. Quadrature Capital Ltd purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $260,000. BlueCrest Capital Management Ltd lifted 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 valued at $1,108,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Ping Capital Management Inc. purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter valued at approximately $941,000. Hedge funds and other institutional investors 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.