Companhia Paranaense de Energia (NYSE:ELPC) Shares Gap Down – Time to Sell?

Shares of Companhia Paranaense de Energia (NYSE:ELPC) gapped down prior to trading on Wednesday . The stock had previously closed at $6.19, but opened at $6.05. Companhia Paranaense de Energia shares last traded at $6.10, with a volume of 940 shares changing hands.

Companhia Paranaense de Energia Trading Down 5.5 %

The business’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $6.35.

Companhia Paranaense de Energia Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.131 dividend. The ex-dividend date is Friday, December 13th.

Hedge Funds 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 lifted its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,294 shares of the company’s stock after acquiring 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 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.