Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Up – Still a Buy?

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) gapped up before the market opened on Thursday . The stock had previously closed at $32.88, but opened at $33.73. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $33.79, with a volume of 3,532 shares trading hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 2.0 %

The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 6.12 and a beta of 1.38. The company has a 50-day moving average price of $35.84 and a 200-day moving average price of $34.19.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several hedge funds have recently modified their holdings of EDN. SG Americas Securities LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $101,000. BNP Paribas Financial Markets increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after acquiring an additional 40,173 shares during the period. Verde Servicos Internacionais S.A. acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $920,000. GAMMA Investing LLC lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 677 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock worth $1,757,000 after purchasing an additional 2,610 shares in the last quarter. 1.64% of the stock is owned by 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.