Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Up – Here’s Why

Companhia Paranaense de Energia (NYSE:ELPC)’s share price gapped up before the market opened 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.

Companhia Paranaense de Energia Trading Up 5.0 %

The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 9.27 and a beta of 0.34. The firm has a 50-day simple moving average of $5.88 and a two-hundred day simple moving average of $5.99.

Companhia Paranaense de Energia (NYSE:ELPC) last posted its earnings results on Friday, February 28th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $1.03 billion for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda increased its stake in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,091 shares of the company’s stock after acquiring an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 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.