Companhia Paranaense de Energia (NYSE:ELPC) Sets New 12-Month Low – Time to Sell?

Shares of Companhia Paranaense de Energia (NYSE:ELPC) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.12 and last traded at $5.12, with a volume of 2470 shares trading hands. The stock had previously closed at $5.39.

Companhia Paranaense de Energia Stock Up 2.6 %

The business has a 50 day moving average price of $5.82 and a 200 day moving average price of $6.24.

Companhia Paranaense de Energia Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a $0.131 dividend. The ex-dividend date is Friday, December 13th.

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 boosted its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 458,294 shares of the company’s stock after buying an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent reporting period.

About Companhia Paranaense de Energia

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.