Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sets New 12-Month Low - Here's Why

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 0.3 %

The firm's fifty day moving average is $31.56 and its two-hundred day moving average is $35.46. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 5.77 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EDN. SG Americas Securities LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth approximately $101,000. Verde Servicos Internacionais S.A. bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $920,000. GAMMA Investing LLC lifted its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% in the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider's stock valued at $68,000 after buying an additional 677 shares during the period. JPMorgan Chase & Co. boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock valued at $1,757,000 after buying an additional 2,610 shares in the last quarter. Finally, ABS Direct Equity Fund LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth about $731,000. 1.64% of the stock is currently owned by institutional investors.

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.