Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) Stock Crosses Above Two Hundred Day Moving Average of $15.18

Shares of Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.18 and traded as high as $7.06. Empresa Distribuidora y Cmrz Nrt shares last traded at $6.88, with a volume of 3,547 shares trading hands.

Several research analysts recently weighed in on the company. ValuEngine raised Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Empresa Distribuidora y Cmrz Nrt from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th.

The company has a 50 day moving average of $6.62 and a two-hundred day moving average of $15.03. The firm has a market cap of $307.27 million, a P/E ratio of 2.01 and a beta of 0.99. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 0.15.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last announced its earnings results on Wednesday, August 14th. The utilities provider reported $5.53 earnings per share for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 42.35% and a net margin of 18.09%. The business had revenue of $415.98 million during the quarter. Research analysts expect that Empresa Distribuidora y Cmrz Nrt SA will post 1.42 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in EDN. Public Employees Retirement System of Ohio purchased a new stake in shares of Empresa Distribuidora y Cmrz Nrt during the second quarter valued at $104,000. Morgan Stanley lifted its holdings in shares of Empresa Distribuidora y Cmrz Nrt by 264.3% during the second quarter. Morgan Stanley now owns 23,585 shares of the utilities provider’s stock valued at $428,000 after purchasing an additional 17,111 shares during the last quarter. Northern Trust Corp purchased a new stake in shares of Empresa Distribuidora y Cmrz Nrt during the second quarter valued at $574,000. BlackRock Inc. lifted its holdings in shares of Empresa Distribuidora y Cmrz Nrt by 167.3% during the second quarter. BlackRock Inc. now owns 229,832 shares of the utilities provider’s stock valued at $4,174,000 after purchasing an additional 143,849 shares during the last quarter. Finally, Newfoundland Capital Management lifted its holdings in shares of Empresa Distribuidora y Cmrz Nrt by 21.1% during the second quarter. Newfoundland Capital Management now owns 2,635,835 shares of the utilities provider’s stock valued at $47,867,000 after purchasing an additional 459,589 shares during the last quarter. 8.00% of the stock is owned by institutional investors and hedge funds.

Empresa Distribuidora y Cmrz Nrt Company Profile (NYSE:EDN)

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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