Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Hits New 1-Year High – Here’s Why

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $40.79 and last traded at $40.79, with a volume of 10551 shares changing hands. The stock had previously closed at $39.98.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.69 and a current ratio of 0.82. The firm has a market cap of $1.83 billion, a P/E ratio of 7.78 and a beta of 1.36. The firm’s fifty day moving average price is $28.51 and its 200 day moving average price is $21.53.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Quadrature Capital Ltd bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $260,000. BlueCrest Capital Management Ltd raised its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock worth $1,108,000 after acquiring an additional 20,000 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $237,000. BNP Paribas Financial Markets raised its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during 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 in the last quarter. Finally, Helikon Investments Ltd grew its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% during the 3rd quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock worth $17,947,000 after purchasing an additional 307,642 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.