Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading 3.2% Higher – Should You Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price shot up 3.2% during trading on Monday . The stock traded as high as $35.65 and last traded at $35.19. 21,998 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 180,316 shares. The stock had previously closed at $34.11.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Thursday, May 15th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 3.4%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. The firm has a market capitalization of $1.69 billion, a P/E ratio of 7.23 and a beta of 1.53. The business’s 50-day moving average is $31.40 and its 200 day moving average is $36.08.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last released its earnings results on Friday, May 9th. The utilities provider reported $0.78 earnings per share for the quarter. The firm had revenue of $605.33 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. As a group, analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current fiscal year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of hedge funds have recently added to or reduced their stakes in the stock. Helikon Investments Ltd grew its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 259.8% during the 1st quarter. Helikon Investments Ltd now owns 2,031,036 shares of the utilities provider’s stock worth $62,028,000 after acquiring an additional 1,466,500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider’s stock valued at $23,360,000 after purchasing an additional 286,989 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth about $6,272,000. William Blair Investment Management LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth about $5,012,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $3,152,000. Institutional investors and hedge funds 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.