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Companhia Paranaense de Energia (NYSE:ELPC) Sees Strong Trading Volume - Here's What Happened

Companhia Paranaense de Energia logo with Utilities background

Shares of Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) saw an uptick in trading volume on Wednesday . 82,355 shares changed hands during trading, an increase of 372% from the previous session's volume of 17,464 shares.The stock last traded at $6.61 and had previously closed at $6.74.

Companhia Paranaense de Energia Price Performance

The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 9.01 and a beta of -0.31. The business has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $5.97.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its position in shares of Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,091 shares of the company's stock after purchasing an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Companhia Paranaense de Energia Company Profile

(Get Free Report)

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.

Further Reading

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