Endesa (OTCMKTS:ELEZF) Trading Up 15.7% – Time to Buy?

Endesa, S.A. (OTCMKTS:ELEZFGet Free Report) shares traded up 15.7% during trading on Wednesday . The company traded as high as $27.16 and last traded at $27.10. 616 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 3,642 shares. The stock had previously closed at $23.42.

Endesa Price Performance

The stock has a 50-day simple moving average of $23.04 and a 200-day simple moving average of $21.77.

Hedge Funds Weigh In On Endesa

A hedge fund recently bought a new stake in Endesa stock. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Endesa, S.A. (OTCMKTS:ELEZFFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,500 shares of the company’s stock, valued at approximately $204,000. Hedge funds and other institutional investors own 7.06% of the company’s stock.

About Endesa

(Get Free Report)

Endesa, SA engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, Morocco, Italy, the United Kingdom, Singapore, and internationally. The company generates electricity from various energy sources, such as hydroelectric, nuclear, thermal, wind, and solar.

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