Companhia Paranaense de Energia (NYSE:ELPC) Hits New 52-Week Low – What’s Next?

Companhia Paranaense de Energia (NYSE:ELPC)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.10 and last traded at $5.16, with a volume of 1725 shares. The stock had previously closed at $5.30.

Companhia Paranaense de Energia Price Performance

The stock’s 50-day moving average price is $5.56 and its 200 day moving average price is $6.16.

Companhia Paranaense de Energia Dividend Announcement

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

Institutional Trading of Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda raised its holdings in 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 as of its most recent SEC filing.

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.