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

Companhia Paranaense de Energia (NYSE:ELPC) shares 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 traded.

Companhia Paranaense de Energia Price Performance

The firm has a market cap of $7.08 billion, a PE ratio of 9.46 and a beta of 0.34. The business has a 50-day simple moving average of $6.20 and a 200 day simple moving average of $5.98.

Companhia Paranaense de Energia (NYSE:ELPC) last issued 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 stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,091 shares of the company’s stock after acquiring an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 at the end of the most recent quarter.

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.