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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) 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 traded.

Analyst Ratings Changes

Separately, StockNews.com cut 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 Stock Down 1.5 %

The stock’s fifty day simple moving average is $17.44 and its 200-day simple moving average is $17.99. The stock has a market cap of $746.87 million, a P/E ratio of 2.64 and a beta of 1.51. 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 announced its quarterly earnings results on Friday, May 10th. The utilities provider reported $1.39 EPS 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%. The company had revenue of $331.11 million for the quarter. On average, research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current year.

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

Several large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 2,976 shares during the period. Helikon Investments Ltd increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 15.3% during the first quarter. Helikon Investments Ltd now owns 345,218 shares of the utilities provider’s stock valued at $6,107,000 after acquiring an additional 45,901 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% during 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 acquiring an additional 33,510 shares during the period. Finally, Autonomy Capital Jersey L.P. acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at approximately $78,000. Institutional investors and hedge funds 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.