StockNews.com initiated coverage on shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) in a research note published on Thursday. The brokerage issued a hold rating on the utilities provider's stock.
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Up 2.0 %
EDN opened at $7.99 on Thursday. The stock has a market capitalization of $349.56 million, a P/E ratio of -1.69 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 $8.08. The firm's fifty day simple moving average is $7.21 and its 200 day simple moving average is $6.34. 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 posted its quarterly earnings data on Wednesday, November 9th. The utilities provider reported ($1.03) EPS for the quarter. The company had revenue of $351.30 million during 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%. As a group, research analysts anticipate that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.05 EPS for the current fiscal year.
Institutional Investors Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
A hedge fund recently raised its stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) by 12.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,419 shares of the utilities provider's stock after buying an additional 5,337 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.11% of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima worth $215,000 at the end of the most recent reporting period.About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
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