Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $34.24 and last traded at $33.95, with a volume of 5109 shares. The stock had previously closed at $33.47.
The company's 50-day simple moving average is $25.20 and its 200-day simple moving average is $19.98. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 4.15 and a beta of 1.36. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.09.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 1,488.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider's stock worth $56,000 after purchasing an additional 2,976 shares in the last quarter. Ping Capital Management Inc. purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the second quarter worth approximately $941,000. Finally, Helikon Investments Ltd increased its position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 45.5% in the second quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider's stock worth $8,232,000 after acquiring an additional 157,042 shares in the last quarter. 1.64% of the stock is owned by institutional investors and hedge funds.
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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