Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Reaches New 52-Week Low – Should You Sell?

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $15.48 and last traded at $15.6590, with a volume of 24,304 shares trading hands. The stock had previously closed at $15.63.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Down 1.3%

The firm has a market capitalization of $677.06 million, a PE ratio of 3.62 and a beta of 1.46. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.46 and a quick ratio of 1.28. The company has a 50-day moving average price of $21.28 and a 200 day moving average price of $25.26.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last released its earnings results on Tuesday, August 11th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.81. The firm had revenue of $618.97 million during the quarter, compared to analysts’ expectations of $217.79 million. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 10.31% and a net margin of 7.46%. Analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 earnings per share for the current year.

Institutional Investors Weigh In On Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

A hedge fund recently bought a new stake in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock. Engineers Gate Manager LP acquired a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,620 shares of the utilities provider’s stock, valued at approximately $265,000. 1.64% of the stock is owned by institutional investors and hedge funds.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte SA, commonly known as Edenor, is an Argentine electric utility that distributes electricity to residential, commercial and industrial customers. The company operates and maintains the low-, medium- and high-voltage distribution network, manages customer connections and metering, and provides related billing and customer-support services.

Edenor serves the northern and northwestern areas of the Buenos Aires metropolitan region, including portions of the Autonomous City of Buenos Aires and surrounding municipalities in Buenos Aires Province.