Companhia Paranaense de Energia (NYSE:ELPC) Stock Price Down 0.8% – Time to Sell?

Companhia Paranaense de Energia (NYSE:ELPC) dropped 0.8% on Tuesday . The company traded as low as $5.18 and last traded at $5.18. Approximately 185 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 34,728 shares. The stock had previously closed at $5.22.

Companhia Paranaense de Energia Stock Down 0.4 %

The firm has a 50 day moving average price of $5.77 and a two-hundred day moving average price of $6.22.

Companhia Paranaense de Energia Dividend Announcement

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

Institutional Investors Weigh In On 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 Companhia Paranaense de Energia (NYSE:ELPC) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 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.