Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Sets New 1-Year Low – Here’s Why

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN)’s stock price reached a new 52-week low on Monday. The company traded as low as $13.56 and last traded at $14.1090, with a volume of 2,481 shares. The stock had previously closed at $14.08.

Wall Street Analysts Forecast Growth

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

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Trading Down 0.9%

The stock has a market capitalization of $631.59 million, a P/E ratio of 3.33 and a beta of 1.46. The company has a current ratio of 1.46, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $20.72 and a 200 day moving average price of $25.07.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last issued its quarterly earnings data on Friday, November 6th. The utilities provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.82. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 10.31% and a net margin of 7.46%. The company had revenue of $736.21 million for the quarter, compared to the consensus estimate of $216.48 million. On average, research analysts forecast that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

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

About Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor)

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.