Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.66 and traded as high as $40.22. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $39.75, with a volume of 198,119 shares changing hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 4.4 %

The firm has a 50-day moving average of $41.09 and a two-hundred day moving average of $29.66. The company has a quick ratio of 0.69, a current ratio of 0.82 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.80 billion, a PE ratio of 7.73 and a beta of 1.39.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Helikon Investments Ltd lifted its stake in 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. BNP Paribas Financial Markets raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider’s stock valued at $911,000 after buying an additional 40,173 shares during the period. Walleye Capital LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth about $237,000. BlueCrest Capital Management Ltd boosted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% during the 3rd quarter. BlueCrest Capital Management Ltd now owns 50,000 shares of the utilities provider’s stock valued at $1,108,000 after acquiring an additional 20,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 3rd quarter valued at about $260,000. Hedge funds and other 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.