Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Gap Down – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares gapped down prior to trading on Tuesday . The stock had previously closed at $39.76, but opened at $37.90. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $39.79, with a volume of 30,051 shares trading hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The firm’s 50 day moving average price is $40.58 and its 200-day moving average price is $31.09. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 7.65 and a beta of 1.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at about $101,000. Helikon Investments Ltd raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the 3rd quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock valued at $17,947,000 after acquiring an additional 307,642 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock worth $911,000 after acquiring an additional 40,173 shares during the period. Verde Servicos Internacionais S.A. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth approximately $920,000. Finally, GAMMA Investing LLC grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 677 shares in the last quarter. 1.64% of the stock is currently 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.