Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Reaches New 1-Year Low - Here's Why

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $29.83 and last traded at $30.04, with a volume of 83603 shares traded. The stock had previously closed at $31.73.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The stock's fifty day moving average is $31.42 and its two-hundred day moving average is $35.59. 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 capitalization of $1.37 billion, a price-to-earnings ratio of 5.88 and a beta of 1.28.

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

Hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 111.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,388 shares of the utilities provider's stock worth $23,360,000 after buying an additional 286,989 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth $6,272,000. William Blair Investment Management LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at about $5,012,000. Millennium Management LLC lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% during the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider's stock worth $4,403,000 after purchasing an additional 65,666 shares during the last quarter. Finally, Banco BTG Pactual S.A. grew its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.8% in the fourth quarter. Banco BTG Pactual S.A. now owns 88,200 shares of the utilities provider's stock worth $4,145,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors and hedge funds own 1.64% of the company's stock.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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.