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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sees Strong Trading Volume - Here's What Happened

Companhia Paranaense de Energia - Copel logo with Utilities background

Key Points

  • Companhia Paranaense de Energia - Copel (NYSE:ELPC) experienced a significant trading volume increase of 225%, with approximately 17,016 shares traded on Friday compared to the previous session.
  • The stock's recent performance shows it is currently down 1.4%, trading at $8.32, while having a P/E ratio of 11.69.
  • A new hedge fund investor, Allworth Financial LP, has acquired a stake of 3,250 shares in Copel, valued at around $28,000, indicating growing interest from institutional investors.
  • Want stock alerts on Companhia Paranaense de Energia - Copel? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) saw an uptick in trading volume on Friday . 17,016 shares were traded during mid-day trading, an increase of 225% from the previous session's volume of 5,240 shares.The stock last traded at $8.32 and had previously closed at $8.42.

Companhia Paranaense de Energia - Copel Stock Down 0.3%

The stock has a market cap of $8.85 billion, a PE ratio of 11.65 and a beta of -0.09. The business has a 50 day moving average price of $8.16 and a 200 day moving average price of $7.32.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last announced its quarterly 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 purchased a new stake in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 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.

See Also

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