Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Up – What’s Next?

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $5.51, but opened at $5.72. Companhia Paranaense de Energia shares last traded at $5.75, with a volume of 238 shares trading hands.

Companhia Paranaense de Energia Price Performance

The stock has a market capitalization of $6.45 billion, a PE ratio of 8.61 and a beta of 0.50. The stock’s fifty day moving average is $5.72 and its 200-day moving average is $6.04.

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

Institutional Trading of Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,091 shares of the company’s stock after acquiring an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 at the end of the most recent quarter.

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.