Companhia Paranaense de Energia - Copel (NYSE:ELPC) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Companhia Paranaense de Energia - Copel (NYSE:ELPC) experienced a significant increase in trading volume, with 2,120 shares traded, marking a 12% rise from the previous session.
• The company reported a market capitalization of $10.14 billion and a price-to-earnings ratio of 13.36, indicating its financial performance and valuation metrics.
• Weiss Ratings reaffirmed a "hold (c)" rating for Copel, reflecting the cautious outlook from analysts, as the stock currently holds an average rating of "Hold" from other analysts as well.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) shares saw strong trading volume on Friday . 2,120 shares were traded during trading, an increase of 12% from the previous session's volume of 1,897 shares.The stock last traded at $9.54 and had previously closed at $9.33.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Companhia Paranaense de Energia - Copel in a research report on Friday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Companhia Paranaense de Energia - Copel currently has an average rating of "Hold".

Companhia Paranaense de Energia - Copel Price Performance

The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of 13.36 and a beta of -0.02. The business has a fifty day moving average price of $8.61 and a 200 day moving average price of $8.09.

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

Hedge Funds Weigh In On Companhia Paranaense de Energia - Copel

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

About Companhia Paranaense de Energia - Copel

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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