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Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down - Should You Sell?

Companhia Paranaense de Energia logo with Utilities background

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) shares gapped down before the market opened 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 trading hands.

Companhia Paranaense de Energia Stock Performance

The stock has a fifty day simple moving average of $6.25 and a two-hundred day simple moving average of $5.99. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 9.24 and a beta of 0.34.

Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report) last released 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 during 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 grew its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 68,091 shares of the company's stock after buying an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda's holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent SEC filing.

About Companhia Paranaense de Energia

(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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