Companhia Paranaense de Energia (NYSE:ELPC) Sees Strong Trading Volume – Should You Buy?

Shares of Companhia Paranaense de Energia (NYSE:ELPC) saw unusually-high trading volume on Friday . Approximately 2,653 shares changed hands during trading, a decline of 31% from the previous session’s volume of 3,843 shares.The stock last traded at $5.27 and had previously closed at $5.30.

Companhia Paranaense de Energia Stock Down 1.5 %

The business’s fifty day simple moving average is $5.63 and its 200 day simple moving average is $6.18.

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 paid a $0.131 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 458,294 shares of the company’s stock after purchasing an additional 8,417 shares during the quarter. 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.