Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sees Large Volume Increase - Should You Buy?

Key Points

• Companhia Paranaense de Energia - Copel (NYSE:ELPC) shares experienced a trading volume increase, with 1,928 shares traded on Tuesday, reflecting a slight uptick from the previous day.
• The stock price rose by 3.1% to close at $8.86, which is above its fifty-day moving average of $8.13.
• An institutional investor, Allworth Financial LP, recently acquired 3,250 shares of Copel, valued at approximately $28,000.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,928 shares traded hands during trading, an increase of 0% from the previous session's volume of 1,927 shares.The stock last traded at $8.86 and had previously closed at $8.60.

Companhia Paranaense de Energia - Copel Stock Up 3.1%

The company has a market cap of $9.49 billion, a price-to-earnings ratio of 12.51 and a beta of -0.09. The company's fifty day moving average price is $8.13 and its two-hundred day moving average price is $7.63.

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

Institutional Trading of Companhia Paranaense de Energia - Copel

An institutional investor recently bought a new position 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) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,250 shares of the company's stock, valued at approximately $28,000.

Companhia Paranaense de Energia - Copel Company Profile

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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