Companhia Paranaense de Energia (NYSE:ELPC) Sets New 52-Week Low – Should You Sell?

Companhia Paranaense de Energia (NYSE:ELPC) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.10 and last traded at $5.16, with a volume of 1725 shares traded. The stock had previously closed at $5.30.

Companhia Paranaense de Energia Stock Performance

The firm has a 50 day moving average price of $5.57 and a 200 day moving average price of $6.16.

Companhia Paranaense de Energia Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a dividend of $0.131 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

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 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,294 shares of the company’s stock after purchasing an additional 8,417 shares during the quarter. SPX Gestao de Recursos Ltda’s holdings in Companhia Paranaense de Energia were worth $2,695,000 at the end of the most recent reporting period.

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.