Companhia Paranaense de Energia – Copel (NYSE:ELPC) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) saw unusually-high trading volume on Friday . Approximately 17,016 shares changed hands during mid-day trading, an increase of 225% from the previous session’s volume of 5,240 shares.The stock last traded at $8.32 and had previously closed at $8.42.

Companhia Paranaense de Energia – Copel Trading Down 0.4%

The company’s 50 day moving average price is $8.16 and its two-hundred day moving average price is $7.31. The stock has a market cap of $8.83 billion, a P/E ratio of 11.62 and a beta of -0.09.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Companhia Paranaense de Energia – Copel stock. Allworth Financial LP bought a new stake in shares of Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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.