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Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Up - What's Next?

Companhia Paranaense de Energia logo with Utilities background
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Companhia Paranaense de Energia (NYSE:ELPC - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $5.51, but opened at $5.72. Companhia Paranaense de Energia shares last traded at $5.75, with a volume of 238 shares changing hands.

Companhia Paranaense de Energia Stock Performance

The company has a market cap of $6.58 billion, a price-to-earnings ratio of 8.79 and a beta of 0.34. The business's 50 day moving average price is $5.79 and its 200-day moving average price is $6.03.

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

Hedge Funds Weigh In On Companhia Paranaense de Energia

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 fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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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