Companhia Paranaense de Energia – COPEL (NYSE:ELP) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.83 and traded as high as $7.24. Companhia Paranaense de Energia – COPEL shares last traded at $7.17, with a volume of 149,768 shares.

Companhia Paranaense de Energia – COPEL Trading Down 1.3 %

The stock has a fifty day moving average of $6.28 and a 200 day moving average of $6.83. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia – COPEL Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were given a $0.1441 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On Companhia Paranaense de Energia – COPEL

A number of hedge funds and other institutional investors have recently made changes to their positions in ELP. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Companhia Paranaense de Energia – COPEL during the 3rd quarter worth about $34,000. R Squared Ltd acquired a new position in Companhia Paranaense de Energia – COPEL during the 4th quarter worth about $31,000. PNC Financial Services Group Inc. raised its stake in shares of Companhia Paranaense de Energia – COPEL by 78.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 3,849 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter worth $56,000. Finally, First Affirmative Financial Network acquired a new position in Companhia Paranaense de Energia – COPEL in the fourth quarter valued at $64,000. Institutional investors own 3.80% of the company’s stock.

About Companhia Paranaense de Energia – COPEL

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, Power Sale, and Gas segments.