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Companhia Paranaense de Energia (NYSE:ELPC) Trading 7.6% Higher - 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 stock price rose 7.6% during trading on Wednesday . The company traded as high as $5.93 and last traded at $5.93. Approximately 2,498 shares traded hands during trading, a decline of 87% from the average daily volume of 19,134 shares. The stock had previously closed at $5.51.

Companhia Paranaense de Energia Stock Up 2.4 %

The stock's fifty day moving average price is $5.79 and its 200 day moving average price is $6.02. The stock has a market cap of $6.58 billion, a PE ratio of 8.79 and a beta of 0.34.

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

Institutional Investors 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 stake in Companhia Paranaense de Energia (NYSE:ELPC - Free Report) by 32.7% during the 4th quarter, according to its most recent disclosure 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 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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