Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Up to $16.73

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s share price gapped up prior to trading on Friday . The stock had previously closed at $16.73, but opened at $17.11. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $17.04, with a volume of 1,180 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 2.0 %

The company has a market cap of $742.84 million, a price-to-earnings ratio of 2.59 and a beta of 1.51. The business’s fifty day moving average price is $17.45 and its 200 day moving average price is $17.97. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.79 and a quick ratio of 0.67.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last issued its quarterly earnings results on Friday, May 10th. The utilities provider reported $1.39 EPS for the quarter. The company had revenue of $331.11 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 14.11% and a return on equity of 25.90%. Research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current fiscal year.

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

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the first 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 in the last quarter. Autonomy Capital Jersey L.P. bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at $78,000. Helikon Investments Ltd increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 10.1% in the fourth quarter. Helikon Investments Ltd now owns 299,317 shares of the utilities provider’s stock valued at $5,798,000 after purchasing an additional 27,578 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock valued at $2,093,000 after purchasing an additional 33,510 shares in the last quarter. 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.