Companhia Paranaense de Energia (NYSE:ELPC) Hits New 52-Week Low – Time to Sell?

Companhia Paranaense de Energia (NYSE:ELPC)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.10 and last traded at $5.17, with a volume of 874 shares trading hands. The stock had previously closed at $5.21.

Companhia Paranaense de Energia Stock Performance

The stock’s fifty day moving average is $5.63 and its two-hundred day moving average is $6.18.

Companhia Paranaense de Energia Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.131 per share. The ex-dividend date was Friday, December 13th.

Institutional Investors 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 raised its stake in Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,294 shares of the company’s stock after acquiring 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 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.