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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

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $7.43, but opened at $7.90. Companhia Paranaense de Energia - Copel shares last traded at $7.86, with a volume of 3,480 shares trading hands.

Companhia Paranaense de Energia - Copel Price Performance

The firm's fifty day moving average price is $8.18 and its 200-day moving average price is $6.90. The firm has a market capitalization of $8.51 billion, a P/E ratio of 11.36 and a beta of -0.07.

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

Companhia Paranaense de Energia - Copel Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th were issued a $0.1172 dividend. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, April 28th. Companhia Paranaense de Energia - Copel's dividend payout ratio (DPR) is presently 50.00%.

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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