Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Time to Sell?

Companhia Paranaense de Energia (NYSE:ELPC) gapped down prior to trading on Friday . The stock had previously closed at $5.69, but opened at $5.56. Companhia Paranaense de Energia shares last traded at $5.63, with a volume of 23,054 shares.

Companhia Paranaense de Energia Trading Down 1.0 %

The stock has a fifty day moving average of $5.50 and a 200 day moving average of $6.12.

Companhia Paranaense de Energia (NYSE:ELPC) last released its earnings results on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $1.03 billion during the quarter.

Companhia Paranaense de Energia Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.131 per share. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda raised its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company’s stock after purchasing an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Companhia Paranaense de Energia

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.