Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) shares crossed 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.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

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 company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 7.73 and a beta of 1.39. The stock’s fifty day simple moving average is $41.09 and its 200-day simple moving average is $29.66.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 73.7% during the 4th quarter. GAMMA Investing LLC now owns 1,596 shares of the utilities provider’s stock worth $68,000 after purchasing an additional 677 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at about $101,000. Walleye Capital LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth about $237,000. Quadrature Capital Ltd purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the third quarter worth approximately $260,000. Finally, ABS Direct Equity Fund LLC purchased a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth approximately $731,000. 1.64% of the stock is currently 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.