Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.22 and traded as high as $18.58. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $17.51, with a volume of 60,443 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Empresa Distribuidora y Comercializadora Norte Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Monday, March 18th.
View Our Latest Research Report on Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Free Report) last issued its quarterly earnings data 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 company had revenue of $785.09 million for the quarter. Equities research analysts expect that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.42 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth approximately $1,179,000. Helikon Investments Ltd raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 133.1% in the third quarter. Helikon Investments Ltd now owns 271,739 shares of the utilities provider’s stock worth $3,261,000 after buying an additional 155,145 shares during the period. Autonomy Capital Jersey L.P. purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter worth approximately $78,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 14.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,529 shares of the utilities provider’s stock worth $894,000 after buying an additional 9,263 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 99.1% in the first quarter. Renaissance Technologies LLC now owns 107,655 shares of the utilities provider’s stock worth $868,000 after buying an additional 53,583 shares during the period. 1.64% of the stock is currently owned by hedge funds and other institutional investors.
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.
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