Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) Hits New 1-Year Low – Time to Sell?

Shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) 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 changing hands. The stock had previously closed at $14.08.

Analyst Upgrades and Downgrades

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

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Stock Down 0.2%

The company’s 50 day moving average price is $20.35 and its two-hundred day moving average price is $24.90. The firm has a market cap of $647.75 million, a PE ratio of 3.46 and a beta of 1.46. The company has a current ratio of 1.76, a quick ratio of 1.28 and a debt-to-equity ratio of 0.67.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) last posted its quarterly earnings data on Friday, November 6th. The utilities provider reported $0.65 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.82. Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) had a return on equity of 9.59% and a net margin of 6.86%. The firm had revenue of $736.21 million during the quarter, compared to analyst estimates of $216.48 million. On average, equities research analysts expect that Empresa Distribuidora Y Comercializadora Norte S.A. will post 0.17 EPS for the current fiscal year.

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

An institutional investor recently bought a new position in Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) stock. Militia Capital Management LLC acquired a new stake in shares of Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (NYSE:EDN) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 14,902 shares of the utilities provider’s stock, valued at approximately $447,000. 1.64% of the stock is owned by hedge funds and other institutional investors.

Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) Company Profile

Empresa Distribuidora y Comercializadora Norte S.A. (Edenor) is an Argentine electric utility focused on distributing electricity to homes, businesses and other customers. Its activities include operating and maintaining the distribution network and providing connections and related service to customers in its concession area. Edenor serves the northern and northwestern parts of the City of Buenos Aires and surrounding municipalities in Greater Buenos Aires. The company was formed in 1992 as part of the privatization and restructuring of Argentina’s former state-owned electricity utility, SEGBA.