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

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $6.36, but opened at $6.21. Companhia Paranaense de Energia shares last traded at $6.22, with a volume of 843 shares traded.

Companhia Paranaense de Energia Price Performance

The company’s 50 day moving average is $6.68 and its 200-day moving average is $6.47.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its earnings results on Thursday, August 8th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $1.05 billion for the quarter.

Companhia Paranaense de Energia Dividend Announcement

The business also recently announced a Variable dividend, which will be paid on Monday, December 9th. Shareholders of record on Wednesday, October 2nd will be issued a $0.0641 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd.

Hedge Funds 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 increased its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 458,294 shares of the company’s stock after acquiring an additional 8,417 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 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.