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

Companhia Paranaense de Energia (NYSE:ELPC)’s share price gapped up prior to trading 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 Trading Up 0.0 %

The company has a 50-day simple moving average of $5.93 and a 200 day simple moving average of $5.99. The company has a market cap of $7.10 billion, a P/E ratio of 9.47 and a beta of 0.34.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its quarterly earnings data on Friday, February 28th. The company reported $0.13 EPS for the quarter. The business had revenue of $1.03 billion during 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 grew its position in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,091 shares of the company’s stock after buying 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 reporting period.

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.