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 share 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 traded. The stock had previously closed at $14.08.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded 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 issued a Sell rating to the stock. According to MarketBeat.com, Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) has an average rating of “Reduce”.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Price Performance

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 stock has a market cap of $631.59 million, a price-to-earnings ratio of 3.33 and a beta of 1.46. The stock has a fifty day moving average of $20.72 and a 200 day moving average of $25.07.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last issued its earnings results on Friday, November 6th. The utilities provider reported $0.65 EPS 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 firm had revenue of $736.21 million for the quarter, compared to analyst estimates of $216.48 million. On average, analysts expect that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock. Militia Capital Management LLC bought a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,902 shares of the utilities provider’s stock, valued at approximately $447,000. Institutional investors and hedge funds own 1.64% of the company’s stock.

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.