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

Companhia Paranaense de Energia (NYSE:ELPC) shares saw unusually-high trading volume on Wednesday . Approximately 82,355 shares changed hands during trading, an increase of 372% from the previous session’s volume of 17,464 shares.The stock last traded at $6.61 and had previously closed at $6.74.

Companhia Paranaense de Energia Stock Down 1.4 %

The stock has a market cap of $7.11 billion, a PE ratio of 9.46 and a beta of 0.34. The stock has a fifty day moving average of $6.18 and a 200-day moving average of $5.98.

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

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 grew its position in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & 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 quarter.

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.