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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Shares Gap Up - Still a Buy?

Companhia Paranaense de Energia - Copel logo with Utilities background

Key Points

  • Shares of Companhia Paranaense de Energia - Copel gapped up from $8.00 to $8.28 at market opening, currently trading at $8.31 with a volume of 4,423 shares.
  • The company has a market capitalization of $8.88 billion and reported earnings of $0.10 EPS for the last quarter.
  • Institutional investor Allworth Financial LP acquired 3,250 shares of Companhia Paranaense de Energia - Copel, valued at approximately $28,000.
  • MarketBeat previews the top five stocks to own by October 1st.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $8.00, but opened at $8.28. Companhia Paranaense de Energia - Copel shares last traded at $8.31, with a volume of 4,423 shares traded.

Companhia Paranaense de Energia - Copel Trading Down 1.0%

The stock has a market capitalization of $8.90 billion, a P/E ratio of 11.72 and a beta of -0.09. The company has a 50-day moving average price of $8.13 and a 200 day moving average price of $7.45.

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 EPS for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Companhia Paranaense de Energia - Copel stock. Allworth Financial LP purchased a new position in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) in the 2nd quarter, according to its most recent Form 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

(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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