Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – What’s Next?

Companhia Paranaense de Energia (NYSE:ELPC) shares gapped down before the market opened on Friday . The stock had previously closed at $6.20, but opened at $5.65. Companhia Paranaense de Energia shares last traded at $6.13, with a volume of 312 shares traded.

Companhia Paranaense de Energia Stock Performance

The company’s 50-day moving average price is $5.71 and its 200-day moving average price is $6.05.

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

Institutional Trading of Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda boosted its position in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during 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 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.

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.