Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Shares Down 3.7% – Should You Sell?

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN)’s share price traded down 3.7% during trading on Friday . The company traded as low as $45.01 and last traded at $45.25. 139,881 shares were traded during trading, a decline of 47% from the average session volume of 264,371 shares. The stock had previously closed at $47.00.

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 stock has a 50 day simple moving average of $39.31 and a two-hundred day simple moving average of $26.33. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 8.69 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the fourth quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 677 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,299 shares of the utilities provider’s stock valued at $1,757,000 after buying an additional 2,610 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the 3rd quarter worth approximately $260,000. BlueCrest Capital Management Ltd raised its position in shares of 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 buying an additional 20,000 shares during the period. Finally, Walleye Capital LLC acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the third quarter valued at approximately $237,000. Institutional investors and hedge funds 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.