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

Key Points

• Companhia Paranaense de Energia - Copel's shares experienced a 138% increase in trading volume, with approximately 2,844 shares changing hands on Monday.
• The company holds a market capitalization of $9.41 billion and has an average rating of "Hold" from analysts, reflecting a cautious outlook.
• Allworth Financial LP purchased 3,250 shares of Companhia Paranaense de Energia in the second quarter, indicating modest institutional interest.

Shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) saw unusually-high trading volume on Monday . Approximately 2,844 shares traded hands during trading, an increase of 138% from the previous session's volume of 1,195 shares.The stock last traded at $8.75 and had previously closed at $8.87.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research note on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Companhia Paranaense de Energia - Copel Stock Performance

The stock has a market capitalization of $9.41 billion, a P/E ratio of 12.38 and a beta of -0.02. The stock has a 50-day simple moving average of $8.40 and a 200 day simple moving average of $7.89.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last posted 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 position in shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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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