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Empresa Distribuidora Y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Stock Passes Above 200-Day Moving Average of $6.43

Defense World ·  Jan 6, 2023 02:31

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.43 and traded as high as $8.96. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima shares last traded at $8.96, with a volume of 114,481 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in a report on Thursday, December 29th. They set a "hold" rating on the stock.

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Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Price Performance

The stock has a market capitalization of $392.00 million, a price-to-earnings ratio of -1.90 and a beta of 0.88. The company has a fifty day simple moving average of $7.33 and a 200 day simple moving average of $6.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.39 and a current ratio of 0.42.

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 business 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%. Equities research analysts forecast that Empresa Distribuidora y Comercializadora Norte Sociedad Anónima will post -4.05 EPS for the current fiscal year.

Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A hedge fund recently bought a new stake in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima stock. UBS Group AG bought a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,058 shares of the utilities provider's stock, valued at approximately $26,000.

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