Companhia Paranaense de Energia (NYSE:ELPC) Sets New 1-Year Low – Should You Sell?

Companhia Paranaense de Energia (NYSE:ELPC)’s share price reached a new 52-week low during trading on Friday . The company traded as low as $5.10 and last traded at $5.16, with a volume of 1725 shares trading hands. The stock had previously closed at $5.30.

Companhia Paranaense de Energia Price Performance

The stock has a 50 day moving average of $5.56 and a 200-day moving average of $6.16.

Companhia Paranaense de Energia Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.131 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda raised its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 458,294 shares of the company’s stock after buying 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.