Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Hits New 52-Week Low – What’s Next?

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $16.89 and last traded at $17.2570, with a volume of 6,373 shares. The stock had previously closed at $18.91.

Analyst Ratings Changes

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 research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) has a consensus rating of “Reduce”.

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

The business has a 50 day moving average of $21.94 and a 200 day moving average of $25.56.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last issued its quarterly earnings results on Tuesday, August 11th. The utilities provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.81. The firm had revenue of $618.97 million for the quarter, compared to analysts’ expectations of $217.79 million. Research analysts expect that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 EPS 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. Militia Capital Management LLC acquired a new position in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,902 shares of the utilities provider’s stock, valued at approximately $447,000. 1.64% of the stock is 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.