Empresa Distribuidora y Comercializadora Norte Sociedad Anónima (NYSE:EDN) Research Coverage Started at StockNews.com

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

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima Stock Performance

Shares of NYSE:EDN opened at $6.99 on Thursday. The firm’s fifty day moving average is $8.96 and its 200-day moving average is $7.69. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima has a 52 week low of $3.88 and a 52 week high of $10.51.

Hedge Funds Weigh In On Empresa Distribuidora y Comercializadora Norte Sociedad Anónima

A number of hedge funds have recently modified their holdings of EDN. Renaissance Technologies LLC acquired a new position in shares of Empresa Distribuidora y Comercializadora Norte Sociedad Anónima during the fourth quarter worth $432,000. UBS Group AG acquired a new position in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima in the second quarter valued at $26,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Empresa Distribuidora y Comercializadora Norte Sociedad Anónima by 8.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,543 shares of the utilities provider’s stock valued at $324,000 after buying an additional 3,078 shares during the period.

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.