Companhia Paranaense de Energia (NYSE:ELPC) Sees Large Volume Increase – Still a Buy?

Companhia Paranaense de Energia (NYSE:ELPC) saw unusually-strong trading volume on Friday . Approximately 9,992 shares traded hands during trading, an increase of 95% from the previous session’s volume of 5,120 shares.The stock last traded at $6.07 and had previously closed at $6.12.

Companhia Paranaense de Energia Stock Performance

The business’s 50 day simple moving average is $5.49 and its 200 day simple moving average is $6.08.

Companhia Paranaense de Energia (NYSE:ELPC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $1.03 billion during the quarter.

Companhia Paranaense de Energia Announces Dividend

The business also recently declared 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 of this dividend was Friday, December 13th.

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.