Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) Shares Cross Above 200-Day Moving Average of $15.18

Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN)’s stock price 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.

A number of equities research analysts have recently commented on EDN shares. Zacks Investment Research upgraded Empresa Distribuidora y Cmrz Nrt from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 10th. ValuEngine upgraded Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

The company has a current ratio of 0.77, a quick ratio of 0.69 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $318.60 million, a price-to-earnings ratio of 1.99 and a beta of 0.99. The stock has a 50-day moving average price of $6.60 and a 200 day moving average price of $15.18.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last posted its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $5.53 earnings per share (EPS) for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 42.35% and a net margin of 18.09%. The company had revenue of $415.98 million for the quarter. Equities research analysts anticipate that Empresa Distribuidora y Cmrz Nrt SA will post 1.42 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Newfoundland Capital Management boosted its holdings in Empresa Distribuidora y Cmrz Nrt by 21.1% in the 2nd quarter. Newfoundland Capital Management now owns 2,635,835 shares of the utilities provider’s stock worth $47,867,000 after buying an additional 459,589 shares during the last quarter. Morgan Stanley boosted its holdings in Empresa Distribuidora y Cmrz Nrt by 264.3% in the 2nd quarter. Morgan Stanley now owns 23,585 shares of the utilities provider’s stock worth $428,000 after buying an additional 17,111 shares during the last quarter. BlackRock Inc. boosted its holdings in Empresa Distribuidora y Cmrz Nrt by 167.3% in the 2nd quarter. BlackRock Inc. now owns 229,832 shares of the utilities provider’s stock worth $4,174,000 after buying an additional 143,849 shares during the last quarter. Northern Trust Corp acquired a new stake in Empresa Distribuidora y Cmrz Nrt in the 2nd quarter worth about $574,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Empresa Distribuidora y Cmrz Nrt in the 2nd quarter worth about $104,000. Institutional investors own 8.00% of the company’s stock.

About Empresa Distribuidora y Cmrz Nrt (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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