Companhia Paranaense de Energia (NYSE:ELP) traded down 1.6% on Friday . The stock traded as low as $10.00 and last traded at $10.04, with a volume of 201,980 shares traded. The stock had previously closed at $10.20.

The firm has a 50 day moving average of $8.17 and a 200-day moving average of $7.08. The firm has a market capitalization of $2.77 billion and a price-to-earnings ratio of 10.49.

An institutional investor recently raised its position in Companhia Paranaense de Energia stock. Brandes Investment Partners LP raised its position in shares of Companhia Paranaense de Energia (NYSE:ELP) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,257,275 shares of the company’s stock after buying an additional 57,709 shares during the period. Brandes Investment Partners LP owned about 1.92% of Companhia Paranaense de Energia worth $31,917,000 at the end of the most recent reporting period.

Companhia Paranaense de Energia – Copel is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its operating segments are Power generation and transmission (GeT), Power distribution and sales (DIS), Telecommunications (TEL), Gas (GAS) and Holding Company (HOL).

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