Companhia Paranaense de Energia - Copel (NYSE:ELPC) Trading Down 1.8% - Here's What Happened

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.

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report)'s stock price dropped 1.8% during trading on Wednesday . The stock traded as low as $8.03 and last traded at $8.09. Approximately 1,871 shares were traded during mid-day 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 Stock Performance

The firm has a market cap of $8.81 billion, a P/E ratio of 12.15 and a beta of -0.09. The company's 50 day moving average is $8.15 and its 200 day moving average is $7.38.

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 EPS for the quarter.

Hedge Funds Weigh In On Companhia Paranaense de Energia - Copel

An institutional investor recently bought a new position 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) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,250 shares of the company's stock, valued at approximately $28,000.

Companhia Paranaense de Energia - Copel Company Profile

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.