Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $35.83 and traded as high as $36.43. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $35.99, with a volume of 98,512 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a research note on Thursday.
View Our Latest 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 stock has a market capitalization of $1.55 billion, a P/E ratio of 6.67 and a beta of 1.53. The stock has a 50 day moving average of $31.24 and a 200-day moving average of $35.94.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.78 EPS for the quarter. The company 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%. On average, equities research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post 1.38 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in EDN. SG Americas Securities LLC purchased a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter worth $101,000. Verde Servicos Internacionais S.A. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter worth about $920,000. JPMorgan Chase & Co. raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider's stock worth $1,757,000 after purchasing an additional 2,610 shares during the period. Brevan Howard Capital Management LP acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth about $6,272,000. Finally, ABS Direct Equity Fund LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth about $731,000. 1.64% of the stock is currently owned by hedge funds and other institutional investors.
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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