Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Down 3.7% – Should You Sell?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares were down 3.7% during trading on Friday . The company traded as low as $45.01 and last traded at $45.25. Approximately 139,881 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 264,371 shares. The stock had previously closed at $47.00.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 5.1 %

The company has a market cap of $2.02 billion, a PE ratio of 8.68 and a beta of 1.45. The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $38.95 and a 200 day moving average price of $26.07.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EDN. GAMMA Investing LLC lifted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 677 shares during the period. Walleye Capital LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at about $237,000. Quadrature Capital Ltd purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth about $260,000. BNP Paribas Financial Markets grew 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 valued at $911,000 after purchasing an additional 40,173 shares during the period. Finally, Ping Capital Management Inc. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter worth approximately $941,000. Hedge funds and other 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.