Companhia Paranaense de Energia (NYSE:ELPC) Sees Large Volume Increase - Should You Buy?

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) shares saw an uptick in trading volume on Tuesday . 310,174 shares were traded during mid-day trading, an increase of 1,487% from the previous session's volume of 19,545 shares.The stock last traded at $6.57 and had previously closed at $6.54.

Companhia Paranaense de Energia Stock Performance

The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 9.36 and a beta of 0.34. The firm's 50-day simple moving average is $6.02 and its 200-day simple moving average is $6.00.

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

Hedge Funds 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 raised its position in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 68,091 shares of the company's stock after buying 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 SEC.

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.