Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Down 4.2% - Here's What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report)'s stock price fell 4.2% during trading on Thursday . The company traded as low as $34.39 and last traded at $34.28. 31,892 shares changed hands during trading, a decline of 78% from the average session volume of 143,323 shares. The stock had previously closed at $35.78.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Down 1.6%

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 $1.47 billion, a price-to-earnings ratio of 6.33 and a beta of 1.53. The business's 50 day moving average is $31.80 and its 200 day moving average is $36.26.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 10.22% and a return on equity of 18.97%. The firm had revenue of $605.33 million for the quarter. Equities analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $101,000. Advisors Preferred LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 1st quarter worth about $103,000. Jane Street Group LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth approximately $207,000. NewEdge Advisors LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at $257,000. Finally, Voloridge Investment Management LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth approximately $258,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.

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.