Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Trading Down 7.3%

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) dropped 7.3% on Monday . The company traded as low as $16.24 and last traded at $16.24. Approximately 59,685 shares were traded during trading, a decline of 23% from the average daily volume of 77,751 shares. The stock had previously closed at $17.51.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research report on Monday, March 18th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 2.8 %

The company’s 50 day simple moving average is $17.61 and its 200-day simple moving average is $16.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.54 and a current ratio of 0.65. The firm has a market capitalization of $735.09 million, a PE ratio of 4.44 and a beta of 1.43.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) last issued its quarterly earnings data on Monday, March 11th. The utilities provider reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $785.09 million during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 15.78% and a net margin of 8.22%. On average, analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current fiscal year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently modified their holdings of the business. Helikon Investments Ltd increased its position in shares of 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 worth $5,798,000 after purchasing an additional 27,578 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider’s stock worth $2,093,000 after buying an additional 33,510 shares in the last quarter. Citigroup Inc. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter valued at $1,179,000. Autonomy Capital Jersey L.P. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth $78,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 99.1% during the 1st quarter. Renaissance Technologies LLC now owns 107,655 shares of the utilities provider’s stock worth $868,000 after acquiring an additional 53,583 shares during 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.