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

Shares of Companhia Paranaense de Energia (NYSE:ELPC) 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 traded.

Companhia Paranaense de Energia Stock Performance

The firm has a market capitalization of $7.10 billion, a PE ratio of 9.47 and a beta of 0.34. The company has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $5.99.

Companhia Paranaense de Energia (NYSE:ELPC) last issued its quarterly earnings data on Friday, February 28th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $1.03 billion for 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 boosted its stake in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.