Companhia Paranaense de Energia – COPEL (NYSE:ELP) Shares Pass Above 200 Day Moving Average – Should You Sell?

Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.77 and traded as high as $6.88. Companhia Paranaense de Energia – COPEL shares last traded at $6.70, with a volume of 113,436 shares changing hands.

Companhia Paranaense de Energia – COPEL Price Performance

The firm has a fifty day moving average of $6.52 and a 200 day moving average of $6.77. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.66 billion, a P/E ratio of 39.38 and a beta of 1.01.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last announced its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $657.55 million. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. On average, equities research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current year.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of Companhia Paranaense de Energia – COPEL in the fourth quarter worth $31,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Companhia Paranaense de Energia – COPEL during the 3rd quarter valued at about $34,000. PNC Financial Services Group Inc. increased its position in shares of Companhia Paranaense de Energia – COPEL by 78.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 3,849 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Companhia Paranaense de Energia – COPEL during the 4th quarter valued at about $56,000. Finally, First Affirmative Financial Network bought a new position in shares of Companhia Paranaense de Energia – COPEL in the 4th quarter worth approximately $64,000. 3.80% of the stock is currently owned by hedge funds and other institutional investors.

About Companhia Paranaense de Energia – COPEL

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, Power Sale, and Gas segments.