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

Shares of Companhia Paranaense de Energia (NYSE:ELPC) reached a new 52-week low during trading on Wednesday . The company traded as low as $5.67 and last traded at $5.67, with a volume of 232 shares trading hands. The stock had previously closed at $5.71.

Companhia Paranaense de Energia Trading Up 1.2 %

The stock’s fifty day moving average price is $6.37 and its 200-day moving average price is $6.40.

Companhia Paranaense de Energia Announces Dividend

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

Institutional Trading of Companhia Paranaense de Energia

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. SPX Gestao de Recursos Ltda lifted its position in shares of Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,294 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission (SEC).

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.