The stock of Empresa Distribuidora y Comercializadora Norte SA ADR (NYSE:EDN) last traded at $9.86, up 10.29% from the previous session.
EDN stock price is now 25.59% away from the 50-day moving average and 53.15% away from the 200-day moving average. The market capitalization of the company currently stands at $406.72M.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
, while ‘JP Morgan’ rates the stock as ‘Neutral’.
A total of 52.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EDN stock. In total, there are 11 active investors with 0.30% ownership of the company’s stock.
With an opening price of $9.02 on Wednesday morning, Empresa Distribuidora y Comercializadora Norte SA ADR (NYSE: EDN) set off the trading day. During the past 12 months, Empresa Distribuidora y Comercializadora Norte SA ADR has had a low of $3.88 and a high of $10.51. As of last week, the company has a debt-to-equity ratio of 0.15, a current ratio of 0.40, and a quick ratio of 0.40. The fifty day moving average price for EDN is $7.85 and a two-hundred day moving average price translates $6.44 for the stock.
The latest earnings results from Empresa Distribuidora y Comercializadora Norte SA ADR (NYSE: EDN) was released for Jun, 2022. The net profit margin was -12.70% and return on equity was -22.70% for EDN. The company reported revenue of $351.16 million for the quarter, compared to $125.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 179.52 percent.
Empresa Distribuidora y Comercializadora Norte SA ADR(EDN) Company Profile
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima engages in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad Anónima is a subsidiary of Empresa de Energía del Cono Sur S.A.
