Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $34.70 and traded as high as $34.99. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $33.85, with a volume of 58,982 shares trading hands.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

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 fifty day moving average price of $33.00 and a 200 day moving average price of $34.70. The company has a market capitalization of $1.53 billion, a P/E ratio of 6.58 and a beta of 1.28.

Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 2,523.4% during the first quarter. GAMMA Investing LLC now owns 41,870 shares of the utilities provider’s stock worth $1,371,000 after acquiring an additional 40,274 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 4th quarter valued at about $258,000. Two Sigma Investments LP acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the fourth quarter valued at approximately $386,000. Tidal Investments LLC bought a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter valued at approximately $519,000. Finally, Millennium Management LLC boosted its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 177.7% during the fourth quarter. Millennium Management LLC now owns 102,615 shares of the utilities provider’s stock worth $4,403,000 after buying an additional 65,666 shares during the period. 1.64% of the stock is owned by institutional investors and hedge funds.

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.