Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Down 5.3% - Should You Sell?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) traded down 5.3% during mid-day trading on Wednesday . The company traded as low as $31.58 and last traded at $30.71. 16,055 shares changed hands during trading, a decline of 89% from the average session volume of 143,136 shares. The stock had previously closed at $32.43.

Wall Street Analysts Forecast Growth

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

The stock's 50-day moving average is $31.77 and its 200-day moving average is $36.14. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 5.95 and a beta of 1.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69.

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 earnings per share (EPS) for the quarter. The firm had revenue of $605.33 million 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%. Analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at $101,000. Advisors Preferred LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the first quarter valued at $103,000. Jane Street Group LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at $207,000. NewEdge Advisors LLC acquired a new position in 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 Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at $258,000. 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.