Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Up 7.6% – Should You Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s share price traded up 7.6% during mid-day trading on Thursday . The company traded as high as $46.52 and last traded at $46.17. 220,486 shares were traded during trading, an increase of 108% from the average session volume of 105,875 shares. The stock had previously closed at $42.91.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 5.0 %

The firm’s 50-day moving average price is $39.31 and its 200 day moving average price is $26.26. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 8.69 and a beta of 1.42. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 677 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth $237,000. Quadrature Capital Ltd bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth $260,000. BNP Paribas Financial Markets grew its position in 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 valued at $911,000 after purchasing an additional 40,173 shares during the period. Finally, Ping Capital Management Inc. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter valued at $941,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.

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.