Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Down 3.2%

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) traded down 3.2% during mid-day trading on Tuesday . The stock traded as low as $16.73 and last traded at $16.85. 33,525 shares changed hands during trading, a decline of 57% from the average session volume of 77,226 shares. The stock had previously closed at $17.40.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "buy" rating to a "hold" rating in a research report on Monday, March 18th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The firm has a market capitalization of $753.67 million, a price-to-earnings ratio of 4.43 and a beta of 1.43. The business's fifty day simple moving average is $17.53 and its 200 day simple moving average is $16.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.65 and a quick ratio of 0.54.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last released its quarterly earnings data on Monday, March 11th. The utilities provider reported ($0.25) earnings per share for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a net margin of 8.22% and a return on equity of 15.78%. The business had revenue of $785.09 million during the quarter. On average, research analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Helikon Investments Ltd lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 15.3% during the first quarter. Helikon Investments Ltd now owns 345,218 shares of the utilities provider's stock valued at $6,107,000 after purchasing an additional 45,901 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,039 shares of the utilities provider's stock valued at $2,093,000 after purchasing an additional 33,510 shares in the last quarter. Citigroup Inc. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at about $1,179,000. Finally, Autonomy Capital Jersey L.P. bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter valued at about $78,000. 1.64% of the stock is owned by institutional investors.

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.