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Companhia Paranaense de Energia - Copel (NYSE:ELPC) Trading Down 3.4% - Should You Sell?

Companhia Paranaense de Energia - Copel logo with Utilities background

Companhia Paranaense de Energia - Copel Unsponsored ADR (NYSE:ELPC - Get Free Report) shares fell 3.4% during trading on Wednesday . The stock traded as low as $8.23 and last traded at $8.18. 4,518 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 10,148 shares. The stock had previously closed at $8.47.

Companhia Paranaense de Energia - Copel Stock Performance

The company has a 50 day moving average of $8.14 and a two-hundred day moving average of $6.82. The stock has a market capitalization of $8.45 billion, a PE ratio of 11.27 and a beta of -0.07.

Companhia Paranaense de Energia - Copel (NYSE:ELPC - Get Free Report) last released its quarterly earnings results 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 business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th were issued a dividend of $0.1172 per share. This represents a dividend yield of 5.5%. The ex-dividend date was Monday, April 28th. Companhia Paranaense de Energia - Copel's dividend payout ratio is currently 50.00%.

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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