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Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down - Here's Why

Companhia Paranaense de Energia logo with Utilities background
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Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $6.20, but opened at $5.65. Companhia Paranaense de Energia shares last traded at $6.13, with a volume of 312 shares changing hands.

Companhia Paranaense de Energia Stock Up 9.3 %

The stock's fifty day simple moving average is $5.74 and its 200-day simple moving average is $6.03. The company has a market capitalization of $6.45 billion, a PE ratio of 8.61 and a beta of 0.50.

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last issued its quarterly earnings data 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.

Institutional Trading of 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 Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,091 shares of the company's stock after purchasing 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

(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.

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