Companhia Paranaense de Energia – Copel (NYSE:ELPC) Shares Gap Up – Here’s What Happened

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) shares gapped up before the market opened on Friday . The stock had previously closed at $8.51, but opened at $8.82. Companhia Paranaense de Energia – Copel shares last traded at $8.88, with a volume of 392 shares trading hands.

Wall Street Analyst Weigh In

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

Companhia Paranaense de Energia – Copel Stock Up 5.9%

The business has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $8.02. The stock has a market capitalization of $9.64 billion, a P/E ratio of 12.69 and a beta of -0.02.

Companhia Paranaense de Energia – Copel (NYSE:ELPC) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.10 earnings per share for the quarter.

Institutional Trading of Companhia Paranaense de Energia – Copel

A hedge fund recently bought a new stake in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP bought a new position in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,250 shares of the company’s stock, valued at approximately $28,000.

About Companhia Paranaense de Energia – Copel

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.