Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Crosses Above 200 Day Moving Average of $17.82

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.82 and traded as high as $24.30. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $24.00, with a volume of 65,737 shares traded.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The firm has a market cap of $1.09 billion, a P/E ratio of 3.79 and a beta of 1.40. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average of $18.86 and a two-hundred day moving average of $17.82.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $1.51. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 31.06% and a net margin of 17.06%. The firm had revenue of $551.43 million for the quarter. During the same quarter last year, the firm posted ($0.48) EPS. On average, sell-side analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -2.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ping Capital Management Inc. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at about $941,000. Helikon Investments Ltd lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 15.3% in the 1st quarter. Helikon Investments Ltd now owns 345,218 shares of the utilities provider’s stock valued at $6,107,000 after purchasing an additional 45,901 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in 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 period. 1.64% of the stock is owned by institutional investors and hedge funds.

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.