Companhia Paranaense de Energia (NYSE:ELPC) Trading 7.6% Higher – What’s Next?

Companhia Paranaense de Energia (NYSE:ELPC)’s share price traded up 7.6% during mid-day trading on Wednesday . The company traded as high as $5.93 and last traded at $5.93. 2,498 shares changed hands during trading, a decline of 87% from the average session volume of 19,134 shares. The stock had previously closed at $5.51.

Companhia Paranaense de Energia Stock Up 2.1 %

The firm has a market capitalization of $6.48 billion, a P/E ratio of 8.65 and a beta of 0.50. The company’s 50 day moving average is $5.74 and its 200-day moving average is $6.03.

Companhia Paranaense de Energia (NYSE:ELPC) last issued its earnings results on Friday, February 28th. The company reported $0.13 EPS for the quarter. The firm 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 raised its stake in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the Securities & Exchange Commission.

Companhia Paranaense de Energia Company Profile

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.