Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $32.05 and traded as high as $36.67. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $34.64, with a volume of 90,853 shares changing hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The business has a 50-day moving average price of $39.05 and a two-hundred day moving average price of $32.07. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 6.67 and a beta of 1.39.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several hedge funds and other institutional investors have recently made changes to their positions in EDN. Helikon Investments Ltd lifted its position 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 holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the third quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after purchasing an additional 40,173 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at approximately $237,000. BlueCrest Capital Management Ltd boosted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the third quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock valued at $1,108,000 after buying an additional 20,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth $260,000. 1.64% of the stock is owned by institutional investors.

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.