Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report)'s share price was down 5% on Friday . The company traded as low as $29.25 and last traded at $29.74. Approximately 98,759 shares were traded during trading, a decline of 31% from the average daily volume of 143,781 shares. The stock had previously closed at $31.32.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "hold" rating to a "buy" rating in a report on Friday, May 23rd.
Read Our Latest Stock Analysis on EDN
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 7.0%
The firm has a market cap of $1.32 billion, a P/E ratio of 5.67 and a beta of 1.54. 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 firm has a fifty day moving average of $32.13 and a 200-day moving average of $35.88.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.78 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts forecast 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
Large investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 1st quarter valued at approximately $103,000. Jane Street Group LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $207,000. NewEdge Advisors LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $257,000. Voloridge Investment Management LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $258,000. Finally, Jump Financial LLC acquired a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $275,000. 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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