Companhia Paranaense de Energia (NYSE:ELPC) Stock Price Down 8% – Time to Sell?

Companhia Paranaense de Energia (NYSE:ELPC) traded down 8% during mid-day trading on Monday . The stock traded as low as $6.46 and last traded at $6.37. 4,214 shares changed hands during trading, a decline of 75% from the average session volume of 16,640 shares. The stock had previously closed at $6.93.

Companhia Paranaense de Energia Price Performance

The stock’s 50 day moving average is $6.28 and its 200-day moving average is $5.97. The company has a market capitalization of $6.90 billion, a P/E ratio of 9.21 and a beta of -0.31.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda grew its holdings in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 32.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 68,091 shares of the company’s stock after purchasing an additional 16,780 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $355,000 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.