Companhia Paranaense de Energia (COPEL) (NYSE:ELP) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Companhia Paranaense de Energia (COPEL) (NYSE:ELP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.30 and traded as high as $10.83. Companhia Paranaense de Energia (COPEL) shares last traded at $10.7850, with a volume of 510,079 shares.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Companhia Paranaense de Energia (COPEL) currently has a consensus rating of “Hold”.

Companhia Paranaense de Energia (COPEL) Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. The firm has a market cap of $6.38 billion, a P/E ratio of 63.05, a PEG ratio of 4.17 and a beta of 0.83. The company’s 50-day moving average is $10.06 and its two-hundred day moving average is $9.31.

Companhia Paranaense de Energia (COPEL) (NYSE:ELP) last announced its earnings results on Thursday, November 13th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $972.33 million. Companhia Paranaense de Energia (COPEL) had a net margin of 12.77% and a return on equity of 11.15%. As a group, equities analysts predict that Companhia Paranaense de Energia will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Companhia Paranaense de Energia (COPEL)

Several large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new stake in Companhia Paranaense de Energia (COPEL) in the 1st quarter worth about $35,000. XTX Topco Ltd purchased a new stake in Companhia Paranaense de Energia (COPEL) in the first quarter valued at approximately $240,000. US Bancorp DE raised its position in shares of Companhia Paranaense de Energia (COPEL) by 34.1% during the 1st quarter. US Bancorp DE now owns 18,314 shares of the utilities provider’s stock valued at $134,000 after buying an additional 4,661 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Companhia Paranaense de Energia (COPEL) by 86.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,302 shares of the utilities provider’s stock worth $119,000 after purchasing an additional 7,548 shares during the last quarter. Finally, R Squared Ltd lifted its position in Companhia Paranaense de Energia (COPEL) by 161.8% in the 1st quarter. R Squared Ltd now owns 13,902 shares of the utilities provider’s stock worth $102,000 after buying an additional 8,592 shares during the last quarter. Hedge funds and other institutional investors own 3.80% of the company’s stock.

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, Power Sale, and Gas segments.