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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Shares Gap Down - Here's What Happened

Companhia Paranaense de Energia - Copel logo with Utilities background

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $8.28, but opened at $8.03. Companhia Paranaense de Energia - Copel shares last traded at $7.97, with a volume of 1,539 shares trading hands.

Companhia Paranaense de Energia - Copel Stock Up 0.4%

The firm has a 50 day moving average of $8.15 and a two-hundred day moving average of $6.87. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 11.43 and a beta of -0.07.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.15 earnings per share for the quarter. The business had revenue of $1 billion during the quarter.

Companhia Paranaense de Energia - Copel Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th were given a $0.1172 dividend. The ex-dividend date of this dividend was Monday, April 28th. This represents a yield of 5.5%. Companhia Paranaense de Energia - Copel's dividend payout ratio is presently 51.43%.

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.

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