Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the utilities provider’s stock.

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Trading Down 2.7 %

EDN opened at $7.10 on Thursday. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52 week low of $3.88 and a 52 week high of $10.51. The business’s 50 day moving average is $9.04 and its two-hundred day moving average is $7.68. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 2nd quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 8.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,543 shares of the utilities provider’s stock valued at $324,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the 4th quarter valued at approximately $432,000.

About Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

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Edenor SA engages in the provision of electric power distribution services. It holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of Buenos Aires. The company was founded on July 21, 1992 and is headquartered in Buenos Aires, Argentina.