Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Up 5% – Still a Buy?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares were up 5% during mid-day trading on Tuesday . The stock traded as high as $32.84 and last traded at $32.84. Approximately 86,963 shares changed hands during trading, a decline of 3% from the average daily volume of 89,977 shares. The stock had previously closed at $31.27.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The business’s fifty day moving average is $25.48 and its two-hundred day moving average is $20.08. The stock has a market capitalization of $1.58 billion, a PE ratio of 4.32 and a beta of 1.36. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.09.

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

Several large investors have recently added to or reduced their stakes in EDN. BNP Paribas Financial Markets increased its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 2,976 shares during the last quarter. Walleye Capital LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at $237,000. BlueCrest Capital Management Ltd raised its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in the third quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock valued at $1,108,000 after acquiring an additional 20,000 shares during the period. Ping Capital Management Inc. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter worth about $941,000. Finally, Helikon Investments Ltd boosted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% during the 2nd quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider’s stock worth $8,232,000 after purchasing an additional 157,042 shares during the period. 1.64% of the stock is owned by institutional investors.

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.