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

Shares of Companhia Paranaense de Energia (NYSE:ELPC) hit 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 changing hands. The stock had previously closed at $5.21.

Companhia Paranaense de Energia Stock Performance

The business’s 50 day simple moving average is $5.63 and its 200 day simple moving average is $6.18.

Companhia Paranaense de Energia Announces Dividend

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

Institutional Trading of 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 the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

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.