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 Thursday . The stock had previously closed at $5.98, but opened at $5.77. Companhia Paranaense de Energia shares last traded at $5.77, with a volume of 611 shares.

Companhia Paranaense de Energia Price Performance

The firm has a 50-day moving average price of $6.28 and a two-hundred day moving average price of $6.38.

Companhia Paranaense de Energia Announces Dividend

The business also recently declared a Variable dividend, which will be paid on Monday, December 9th. Stockholders of record on Wednesday, October 2nd will be paid a $0.0641 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd.

Institutional Investors 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 increased its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 458,294 shares of the company’s stock after purchasing 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 SEC filing.

About Companhia Paranaense de Energia

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.