Companhia Paranaense de Energia (NYSE:ELPC) Trading Up 7.6% – Should You Buy?

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price traded up 7.6% during trading on Wednesday . The company traded as high as $5.93 and last traded at $5.93. 2,498 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 19,134 shares. The stock had previously closed at $5.51.

Companhia Paranaense de Energia Stock Up 2.1 %

The firm has a 50 day moving average of $5.74 and a 200 day moving average of $6.03. The firm has a market cap of $6.48 billion, a PE ratio of 8.65 and a beta of 0.50.

Companhia Paranaense de Energia (NYSE:ELPC) last posted its quarterly earnings results on Friday, February 28th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $1.03 billion during the quarter.

Institutional Trading of Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,091 shares of the company’s stock after buying an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent SEC filing.

Companhia Paranaense de Energia Company Profile

Companhia Paranaense de Energia – COPEL engages in the generation, transformation, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers in Brazil. The company operates through Power Generation and Transmission, Power Distribution, GAS, Power Sale, and Holding and Services segments.