Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Down 2.6% – What’s Next?

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) traded down 2.6% during mid-day trading on Thursday . The stock traded as low as $44.44 and last traded at $44.69. 81,205 shares were traded during trading, a decline of 23% from the average session volume of 105,617 shares. The stock had previously closed at $45.89.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock 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 company has a market cap of $2.02 billion, a PE ratio of 8.69 and a beta of 1.45. The company’s 50 day moving average price is $36.04 and its 200-day moving average price is $24.84.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently bought and sold shares of the company. Walleye Capital LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth about $237,000. Quadrature Capital Ltd purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth about $260,000. BNP Paribas Financial Markets raised its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 40,173 shares during the period. BlueCrest Capital Management Ltd lifted its position in shares of 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 acquiring an additional 20,000 shares in the last quarter. Finally, Ping Capital Management Inc. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter valued at $941,000. 1.64% of the stock is owned by hedge funds and other 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.