Shares of the company are trading at $43.10 which is just a bit higher than $40.39, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $34.59. The 50 day moving average moved up $2.71 whereas the 200 day moving average was up $8.51 or +24.59%. (NYSE:EDN) shares saw light trading volume with 46K shares changing hands by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 18.76% under the normal average daily volume.
Investors are feeling more bullish on Empresa Distribuidora Y Comerci of late if you take into consideration the fall in short interest. The stock experienced a fall in short interest of -37.03% between September 29, 2017 and October 13, 2017. Short shares fell 21,923 over that timeframe. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.00% on October 13.
Here are a few substantial investment firms who have updated their positions. Ubs Group Ag expanded its investment by buying 152 shares an increase of 67.9%. Ubs Group Ag controls 376 shares worth $12,000. The total value of its holdings increased 50.0%. As of the end of the quarter Charlemagne Capital Ltd had bought 1,954 shares growing its holdings by 12.4%. The value of the total investment in Empresa Distribuidora Y Comerci increased from $429,000 to $616,000 a change of $187,000 quarter over quarter.
Bienville Capital Management, LLC cut its stake by selling 100,436 shares a decrease of 57.4% as of 06/30/2017. Bienville Capital Management, LLC claims 74,514 shares with a value of $2,377,000. The value of the position overall is down by 61.0%. Atria Investments LLC augmented its position by buying 943 shares an increase of 12.8% from 06/30/2017 to 09/30/2017. Atria Investments LLC now controls 8,300 shares valued at $330,000. The total value of its holdings increased 40.4%.
The most current P/E ratio is 89.79 and the market cap is 1.94B.
Empresa Distribuidora y Comercializadora Norte S.A., launched on August 3, 1992, is a public service company. The Company is involved in electricity distribution in Argentina. The Company holds a concession to distribute electricity to the northwestern part of the greater Buenos Aires metropolitan area and in the northern part of the City of Buenos Aires. The Company has the right to distribute electricity within its concession area for a period of approximately 95 years. The Business’s concession area of approximately 4,637 square kilometers is divided into three operating territories: Region I, which consists of over 251 square kilometers; Region II, which consists of approximately 1,761 square kilometers, and Region III, which consists of over 2,625 square kilometers. The Business’s Region I operating territory includes Ciudad de Buenos Aires, San Isidro, Vicente Lopez, San Martin and Tres de Febrero districts. Its Region II operating territory includes La Matanza, Moron, Hurlingham, Ituzaingo, Merlo, Marcos Paz and Gral. Las Heras districts. Its Region III operating territory includes Pilar, Escobar, Tigre, San Fernando, San Miguel, Malvinas Argentinas, Jose C. Paz, Moreno and Gral. Rodriguez districts. The Company serves residential and small commercial customers, medium commercial customers, industrial customers and public lighting customers..