Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Friday.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance
EDN stock traded up $0.11 during midday trading on Friday, hitting $35.65. 130,280 shares of the stock were exchanged, compared to its average volume of 143,751. The stock's 50-day moving average price is $31.82 and its 200-day moving average price is $36.21. 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 stock has a market cap of $1.62 billion, a price-to-earnings ratio of 6.93 and a beta of 1.53. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a fifty-two week low of $13.78 and a fifty-two week high of $51.69.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last announced its earnings results on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. The firm had revenue of $605.33 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a return on equity of 18.97% and a net margin of 10.22%. Research analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of EDN. SG Americas Securities LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth $101,000. Advisors Preferred LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the first quarter worth about $103,000. Jane Street Group LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $207,000. NewEdge Advisors LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth $257,000. Finally, Voloridge Investment Management LLC purchased a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth $258,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile
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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.
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