Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Reaches New 52-Week High – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.53 and last traded at $37.28, with a volume of 4404 shares changing hands. The stock had previously closed at $36.64.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.82 and a quick ratio of 0.69. The company has a market cap of $1.65 billion, a PE ratio of 7.02 and a beta of 1.36. The company’s 50 day simple moving average is $26.87 and its two-hundred day simple moving average is $20.73.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EDN. Helikon Investments Ltd lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% during the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider’s stock worth $17,947,000 after purchasing an additional 307,642 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the second quarter worth about $941,000. BNP Paribas Financial Markets lifted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% during the first quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 2,976 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $260,000. Finally, Walleye Capital LLC acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $237,000. Hedge funds and other institutional investors 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.