Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Sees Unusually-High Trading Volume

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 86,259 shares were traded during mid-day trading, an increase of 21% from the previous session's volume of 71,195 shares.The stock last traded at $19.80 and had previously closed at $18.22.

Analyst Ratings Changes

Several analysts recently commented on EDN shares. TheStreet upgraded Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "d+" rating to a "c" rating in a report on Friday, December 8th. StockNews.com cut Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a "buy" rating to a "hold" rating in a report on Monday, March 18th.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The firm has a market capitalization of $874.68 million, a PE ratio of 5.13 and a beta of 1.43. The business has a 50-day moving average of $17.81 and a 200 day moving average of $16.02. The company has a current ratio of 0.65, a quick ratio of 0.54 and a debt-to-equity ratio of 0.10.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) last announced its earnings results on Monday, March 11th. The utilities provider reported ($0.25) earnings per share (EPS) 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 for the quarter. As a group, research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 2nd quarter worth $26,000. Autonomy Capital Jersey L.P. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter worth about $78,000. Islet Management LP bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter worth about $386,000. Renaissance Technologies LLC bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter worth about $432,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 14.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,529 shares of the utilities provider's stock worth $894,000 after purchasing an additional 9,263 shares during the period. Institutional investors own 1.64% of the company's stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile

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.