Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Hits New 12-Month Low – Time to Sell?

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) shares hit a new 52-week low on Monday. The stock traded as low as $15.48 and last traded at $15.6590, with a volume of 24,304 shares trading hands. The stock had previously closed at $15.63.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 1.46. The company has a market capitalization of $692.85 million, a PE ratio of 3.66 and a beta of 1.46. The company has a 50 day moving average price of $21.59 and a 200 day moving average price of $25.38.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last posted its quarterly earnings results on Tuesday, August 11th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.81. The firm had revenue of $618.97 million for the quarter, compared to analysts’ expectations of $217.79 million. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a net margin of 7.46% and a return on equity of 10.31%. Equities analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 EPS for the current year.

Institutional Investors Weigh In On Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

An institutional investor recently bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock. Engineers Gate Manager LP purchased a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,620 shares of the utilities provider’s stock, valued at approximately $265,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte SA, commonly known as Edenor, is an Argentine electric utility that distributes electricity to residential, commercial and industrial customers. The company operates and maintains the low-, medium- and high-voltage distribution network, manages customer connections and metering, and provides related billing and customer-support services.

Edenor serves the northern and northwestern areas of the Buenos Aires metropolitan region, including portions of the Autonomous City of Buenos Aires and surrounding municipalities in Buenos Aires Province.