Companhia Paranaense de Energia – Copel (NYSE:ELPC) Shares Gap Down – Here’s What Happened

by · The Cerbat Gem

Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $10.39, but opened at $9.70. Companhia Paranaense de Energia – Copel shares last traded at $9.8090, with a volume of 2,228 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Companhia Paranaense de Energia – Copel currently has an average rating of “Hold”.

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Companhia Paranaense de Energia – Copel Price Performance

The company has a market cap of $10.30 billion, a P/E ratio of 18.88 and a beta of -0.02. The company has a fifty day simple moving average of $9.50 and a 200-day simple moving average of $8.68.

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

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

An institutional investor recently bought a new position in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP purchased a new position in Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,250 shares of the company’s stock, valued at approximately $28,000.

About Companhia Paranaense de Energia – Copel

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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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