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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sees Unusually-High Trading Volume - Time to Buy?

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.
  • Five stocks to consider instead of Companhia Paranaense de Energia - Copel.

Shares of Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) saw an uptick in trading volume on Friday . 17,016 shares changed hands during 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 Performance

The company has a market cap of $8.65 billion, a P/E ratio of 11.39 and a beta of -0.09. The firm has a 50 day moving average price of $8.16 and a 200-day moving average price of $7.34.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.10 earnings per share (EPS) 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 purchased 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 filing with the SEC. The institutional investor purchased 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.

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