Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Should You Sell?

Companhia Paranaense de Energia (NYSE:ELPC)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $6.74, but opened at $6.55. Companhia Paranaense de Energia shares last traded at $6.55, with a volume of 1,729 shares.

Companhia Paranaense de Energia Stock Performance

The firm has a fifty day moving average of $6.16 and a 200-day moving average of $5.98. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 9.46 and a beta of 0.34.

Companhia Paranaense de Energia (NYSE:ELPC) last posted its earnings results on Friday, February 28th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $1.03 billion during the quarter.

Institutional Trading of 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) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,091 shares of the company’s stock after buying an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 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.