Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Down 6% – Should You Sell?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price was down 6% on Tuesday . The company traded as low as $31.26 and last traded at $31.26. Approximately 30,125 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 138,526 shares. The stock had previously closed at $33.27.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The company has a market capitalization of $1.39 billion, a P/E ratio of 5.99 and a beta of 1.38. The company’s 50 day moving average is $36.50 and its 200-day moving average is $33.61. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake 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 buying an additional 677 shares during the last quarter. SG Americas Securities LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at $101,000. Jane Street Group LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth $207,000. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at $237,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth about $257,000. Institutional investors 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.