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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sees Large Volume Increase - Here's Why

Companhia Paranaense de Energia - Copel logo with Utilities background

Key Points

  • Companhia Paranaense de Energia - Copel (NYSE:ELPC) experienced a volume decrease of 7%, trading approximately 1,490 shares, as its stock price fell to $8.98 from a previous close of $9.14.
  • The company has a market cap of $9.53 billion and recently reported earnings of $0.10 EPS for the quarter ending August 6th.
  • A hedge fund, Allworth Financial LP, has recently acquired a new stake in Copel, purchasing 3,250 shares valued at approximately $28,000 during the second quarter.
  • Five stocks we like better than Companhia Paranaense de Energia - Copel.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,490 shares traded hands during mid-day trading, a decline of 7% from the previous session's volume of 1,600 shares.The stock last traded at $8.98 and had previously closed at $9.14.

Companhia Paranaense de Energia - Copel Price Performance

The company has a market cap of $9.53 billion, a PE ratio of 12.55 and a beta of -0.08. The company has a 50-day moving average of $8.26 and a 200 day moving average of $7.75.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Companhia Paranaense de Energia - Copel stock. Allworth Financial LP bought a new stake in shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,250 shares of the company's stock, valued at approximately $28,000.

About Companhia Paranaense de Energia - Copel

(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.

Further Reading

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