Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report) shot up 8.8% during mid-day trading on Tuesday . The company traded as high as $36.06 and last traded at $35.89. 519,079 shares traded hands during trading, an increase of 34% from the average session volume of 387,787 shares. The stock had previously closed at $32.98.
The company has a current ratio of 0.82, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 7.02 and a beta of 1.42. The firm's 50 day simple moving average is $40.69 and its two-hundred day simple moving average is $28.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Helikon Investments Ltd boosted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 61.3% in the third quarter. Helikon Investments Ltd now owns 809,902 shares of the utilities provider's stock valued at $17,947,000 after buying an additional 307,642 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 4,310.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 41,105 shares of the utilities provider's stock worth $911,000 after buying an additional 40,173 shares during the period. Walleye Capital LLC bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $237,000. BlueCrest Capital Management Ltd increased its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 66.7% in 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 shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth $260,000. 1.64% of the stock is currently owned by institutional investors.
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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