Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Up – Time to Buy?

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $6.18, but opened at $6.40. Companhia Paranaense de Energia shares last traded at $6.64, with a volume of 1,374 shares changing hands.

Companhia Paranaense de Energia Price Performance

The firm’s 50 day moving average price is $5.88 and its 200-day moving average price is $5.99. The stock has a market cap of $6.94 billion, a P/E ratio of 9.27 and a beta of 0.34.

Companhia Paranaense de Energia (NYSE:ELPC) last released its quarterly earnings results on Friday, February 28th. The company reported $0.13 EPS for the quarter. The business 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 raised its position 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 institutional investor owned 68,091 shares of the company’s stock after acquiring an additional 16,780 shares during the period. 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.