Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading Up 6.7% – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price rose 6.7% during trading on Friday . The stock traded as high as $26.56 and last traded at $27.18. Approximately 30,514 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 196,340 shares. The stock had previously closed at $25.48.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The firm has a 50-day simple moving average of $33.49 and a two-hundred day simple moving average of $34.49. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 5.57 and a beta of 1.28. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several hedge funds and other institutional investors have recently bought and sold shares of EDN. GAMMA Investing LLC boosted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 2,523.4% in the 1st quarter. GAMMA Investing LLC now owns 41,870 shares of the utilities provider’s stock worth $1,371,000 after purchasing an additional 40,274 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth approximately $258,000. Two Sigma Investments LP purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth $386,000. Tidal Investments LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $519,000. Finally, Millennium Management LLC grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% in the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider’s stock valued at $4,403,000 after purchasing an additional 65,666 shares in the last quarter. 1.64% of the stock is owned by institutional investors and hedge funds.

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.