Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) Share Price Crosses Above 200 Day Moving Average of $15.18

Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.18 and traded as high as $7.06. Empresa Distribuidora y Cmrz Nrt shares last traded at $6.88, with a volume of 3,547 shares changing hands.

A number of brokerages have issued reports on EDN. Zacks Investment Research raised Empresa Distribuidora y Cmrz Nrt from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 10th. ValuEngine raised Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

The company’s 50 day simple moving average is $6.60 and its 200 day simple moving average is $15.18. The firm has a market cap of $318.60 million, a price-to-earnings ratio of 1.99 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.77 and a quick ratio of 0.69.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last posted its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $5.53 EPS for the quarter. The business had revenue of $415.98 million during the quarter. Empresa Distribuidora y Cmrz Nrt had a net margin of 18.09% and a return on equity of 42.35%. As a group, analysts forecast that Empresa Distribuidora y Cmrz Nrt SA will post 1.42 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. Newfoundland Capital Management grew its stake in shares of Empresa Distribuidora y Cmrz Nrt by 21.1% in the second quarter. Newfoundland Capital Management now owns 2,635,835 shares of the utilities provider’s stock worth $47,867,000 after acquiring an additional 459,589 shares in the last quarter. Morgan Stanley grew its stake in shares of Empresa Distribuidora y Cmrz Nrt by 264.3% in the second quarter. Morgan Stanley now owns 23,585 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 17,111 shares in the last quarter. BlackRock Inc. grew its stake in shares of Empresa Distribuidora y Cmrz Nrt by 167.3% in the second quarter. BlackRock Inc. now owns 229,832 shares of the utilities provider’s stock worth $4,174,000 after acquiring an additional 143,849 shares in the last quarter. Northern Trust Corp acquired a new position in shares of Empresa Distribuidora y Cmrz Nrt in the second quarter worth $574,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Empresa Distribuidora y Cmrz Nrt in the second quarter worth $104,000. Institutional investors and hedge funds own 8.00% of the company’s stock.

About Empresa Distribuidora y Cmrz Nrt (NYSE:EDN)

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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