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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Shares Down 1.8% - What's Next?

Companhia Paranaense de Energia - Copel logo with Utilities background

Key Points

  • Companhia Paranaense de Energia - Copel's stock price decreased by 1.8%, trading between $8.03 and $8.09, with a notable 69% decline in trading volume compared to the average.
  • The company reported earnings of $0.10 per share in its latest quarterly results, with a market capitalization of $8.65 billion and a P/E ratio of 11.39.
  • A hedge fund recently acquired a new position by purchasing 3,250 shares of Copel stock, valued at approximately $28,000, indicating potential institutional interest in the company.
  • 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) dropped 1.8% during mid-day trading on Wednesday . The company traded as low as $8.03 and last traded at $8.09. Approximately 1,871 shares were traded during trading, a decline of 69% from the average daily volume of 6,105 shares. The stock had previously closed at $8.23.

Companhia Paranaense de Energia - Copel Price Performance

The business has a 50-day simple moving average of $8.14 and a 200-day simple moving average of $7.41. The firm has a market capitalization of $8.76 billion, a PE ratio of 11.54 and a beta of -0.09.

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

Institutional Investors 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 position in Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (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.

See Also

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