Companhia Paranaense de Energia (NYSE:ELPC) Sees Unusually-High Trading Volume – Time to Buy?

Companhia Paranaense de Energia (NYSE:ELPC) saw strong trading volume on Thursday . 21,808 shares were traded during mid-day trading, an increase of 378% from the previous session’s volume of 4,563 shares.The stock last traded at $6.17 and had previously closed at $6.21.

Companhia Paranaense de Energia Stock Down 0.5 %

The company’s fifty day moving average price is $5.52 and its two-hundred day moving average price is $6.07.

Companhia Paranaense de Energia Announces Dividend

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

Institutional Trading of Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 68,091 shares of the company’s stock after buying an additional 16,780 shares during the period. 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.

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.