Companhia Paranaense de Energia (NYSE:ELPC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Companhia Paranaense de Energia (NYSE:ELPC) saw an uptick in trading volume on Tuesday . 310,174 shares were traded during trading, an increase of 1,487% from the previous session’s volume of 19,545 shares.The stock last traded at $6.57 and had previously closed at $6.54.

Companhia Paranaense de Energia Price Performance

The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 9.44 and a beta of 0.34. The business has a 50-day simple moving average of $5.91 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 Investors Weigh In On Companhia Paranaense de Energia

A hedge fund recently raised its stake in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda raised its stake in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.