Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sees Strong Trading Volume – Time to Buy?

by · The Markets Daily

Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,061 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 2,544 shares.The stock last traded at $10.30 and had previously closed at $10.13.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Companhia Paranaense de Energia – Copel has a consensus rating of “Hold”.

View Our Latest Stock Report on Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia – Copel Price Performance

The stock has a market cap of $11.15 billion, a price-to-earnings ratio of 20.43 and a beta of -0.02. The stock’s 50 day simple moving average is $9.50 and its two-hundred day simple moving average is $8.68.

Companhia Paranaense de Energia – Copel (NYSE:ELPC – Get Free Report) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $6.81 billion during the quarter.

Institutional Trading of Companhia Paranaense de Energia – Copel

A hedge fund recently bought a new stake in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP acquired a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,250 shares of the company’s stock, valued at approximately $28,000.

Companhia Paranaense de Energia – Copel Company Profile

(Get Free Report)

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.

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