Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) saw unusually-high trading volume on Monday . Approximately 2,549 shares traded hands during trading, a decline of 4% from the previous session’s volume of 2,652 shares.The stock last traded at $9.7050 and had previously closed at $9.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Companhia Paranaense de Energia – Copel in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Companhia Paranaense de Energia – Copel Trading Up 1.4%

The company’s 50-day moving average price is $9.29 and its two-hundred day moving average price is $8.56. The company has a market cap of $10.43 billion, a P/E ratio of 19.11 and a beta of -0.01.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last released its earnings results on Thursday, November 13th. The company reported $0.11 EPS for the quarter.

Institutional Investors Weigh In On Companhia Paranaense de Energia – Copel

A hedge fund recently raised its stake in Companhia Paranaense de Energia – Copel stock. Optiver Holding B.V. grew its stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 299,739 shares of the company’s stock after purchasing an additional 11,611 shares during the period. Optiver Holding B.V.’s holdings in Companhia Paranaense de Energia – Copel were worth $2,686,000 as of its most recent SEC filing.

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.