Companhia Paranaense de Energia (NYSE:ELPC) Sees Large Volume Increase – What’s Next?

Companhia Paranaense de Energia (NYSE:ELPC) saw strong trading volume on Wednesday . 82,355 shares traded hands during mid-day 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 Trading Down 1.4 %

The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 9.46 and a beta of 0.34. The company’s 50 day moving average is $6.18 and its 200 day moving average is $5.98.

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

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 boosted its holdings in Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 at the end of the most recent quarter.

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.