Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Should You Sell?

Shares of Companhia Paranaense de Energia (NYSE:ELPC) gapped down prior to trading on Tuesday . The stock had previously closed at $6.74, but opened at $6.55. Companhia Paranaense de Energia shares last traded at $6.55, with a volume of 1,729 shares.

Companhia Paranaense de Energia Price Performance

The stock has a market capitalization of $7.08 billion, a P/E ratio of 9.46 and a beta of 0.34. The business’s 50 day moving average price is $6.20 and its 200 day moving average price is $5.98.

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

Institutional Investors Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake 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 its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,091 shares of the company’s stock after buying 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.