Companhia Paranaense de Energia (NYSE:ELPC) Sets New 1-Year Low – Should You Sell?

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $5.12 and last traded at $5.12, with a volume of 2470 shares traded. The stock had previously closed at $5.39.

Companhia Paranaense de Energia Stock Performance

The firm’s 50-day simple moving average is $5.82 and its two-hundred day simple moving average is $6.24.

Companhia Paranaense de Energia Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.131 per share. The ex-dividend date is Friday, December 13th.

Hedge Funds 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 grew its position in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to its most recent Form 13F filing with the 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 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.