Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report)'s share price fell 4.2% on Thursday . The stock traded as low as $34.39 and last traded at $34.28. 31,892 shares traded hands during mid-day 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 upgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.
Read Our Latest Research Report on EDN
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance
The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.49 billion, a PE ratio of 6.40 and a beta of 1.53. The firm has a 50 day moving average of $31.80 and a two-hundred day moving average of $36.23.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.78 EPS 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%. The business had revenue of $605.33 million for the quarter. Research analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
A number of institutional investors have recently bought and sold shares of EDN. SG Americas Securities LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $101,000. Truxt Investmentos Ltda. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $1,810,000. Raymond James Financial Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $888,000. SPX Gestao de Recursos Ltda bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $2,938,000. Finally, William Blair Investment Management LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth $5,012,000. 1.64% of the stock is owned by institutional investors.
About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
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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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