Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Up – Here’s Why

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) gapped up before the market opened on Friday . The stock had previously closed at $36.12, but opened at $37.55. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $37.32, with a volume of 25,420 shares.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 0.8 %

The firm has a 50-day moving average of $40.82 and a two-hundred day moving average of $28.20. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $1.65 billion, a PE ratio of 7.08 and a beta of 1.42.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 677 shares in the last quarter. SG Americas Securities LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $101,000. Walleye Capital LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth approximately $237,000. Quadrature Capital Ltd acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at approximately $260,000. Finally, ABS Direct Equity Fund LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $731,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

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.