Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.52 and traded as high as $9.11. Companhia Paranaense de Energia (COPEL) shares last traded at $8.93, with a volume of 135,494 shares changing hands.

Companhia Paranaense de Energia (COPEL) Stock Performance

The company has a quick ratio of 1.47, a current ratio of 1.48 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $5.32 billion, a P/E ratio of 52.53, a P/E/G ratio of 7.39 and a beta of 0.77. The firm's 50 day simple moving average is $8.79 and its two-hundred day simple moving average is $7.52.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.12). Companhia Paranaense de Energia (COPEL) had a net margin of 12.67% and a return on equity of 11.17%. The company had revenue of $856.71 million during the quarter, compared to the consensus estimate of $4.97 billion. As a group, analysts forecast that Companhia Paranaense de Energia will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Companhia Paranaense de Energia (COPEL)

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Letko Brosseau & Associates Inc. increased its position in shares of Companhia Paranaense de Energia (COPEL) by 2.9% during the first quarter. Letko Brosseau & Associates Inc. now owns 6,714,721 shares of the utilities provider's stock worth $49,085,000 after acquiring an additional 190,026 shares in the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of Companhia Paranaense de Energia (COPEL) by 8.8% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,030,320 shares of the utilities provider's stock worth $6,110,000 after acquiring an additional 83,758 shares in the last quarter. Millennium Management LLC increased its position in shares of Companhia Paranaense de Energia (COPEL) by 59.9% during the fourth quarter. Millennium Management LLC now owns 297,678 shares of the utilities provider's stock worth $1,765,000 after acquiring an additional 111,570 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Companhia Paranaense de Energia (COPEL) by 176.6% during the fourth quarter. Two Sigma Investments LP now owns 288,065 shares of the utilities provider's stock worth $1,708,000 after acquiring an additional 183,936 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Companhia Paranaense de Energia (COPEL) by 71.3% during the fourth quarter. Two Sigma Advisers LP now owns 257,020 shares of the utilities provider's stock worth $1,524,000 after acquiring an additional 107,000 shares in the last quarter. 3.80% of the stock is owned by institutional investors.

About Companhia Paranaense de Energia (COPEL)

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, Power Sale, and Gas segments.