StockNews.com assumed coverage on shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) in a report released on Thursday. The firm issued a hold rating on the utilities provider's stock.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Up 2.1 %
Shares of NYSE:EDN opened at $7.83 on Thursday. The stock has a fifty day simple moving average of $7.18 and a two-hundred day simple moving average of $6.29. The stock has a market capitalization of $342.56 million, a price-to-earnings ratio of -1.66 and a beta of 0.94. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 12-month low of $3.88 and a 12-month high of $8.04. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 0.11.
Get Empresa Distribuidora y Comercializadora Norte Sociedad Anónima alerts:Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) last announced its quarterly earnings data on Wednesday, November 9th. The utilities provider reported ($1.03) earnings per share (EPS) for the quarter. The company had revenue of $351.30 million for the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima had a negative net margin of 16.23% and a negative return on equity of 26.75%. On average, research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.05 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) by 12.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,419 shares of the utilities provider's stock after purchasing an additional 5,337 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Company Profile
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