Companhia Paranaense de Energia – Copel (NYSE:ELPC) Shares Gap Down – Should You Sell?

Companhia Paranaense de Energia – Copel Unsponsored ADR (NYSE:ELPCGet Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $10.39, but opened at $9.70. Companhia Paranaense de Energia – Copel shares last traded at $9.8090, with a volume of 2,228 shares.

Analysts Set New Price Targets

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

Check Out Our Latest Report on Companhia Paranaense de Energia – Copel

Companhia Paranaense de Energia – Copel Trading Down 7.3%

The company has a market capitalization of $10.30 billion, a PE ratio of 18.88 and a beta of -0.02. The business’s 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $8.68.

Companhia Paranaense de Energia – Copel (NYSE:ELPCGet Free Report) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.10 EPS for the quarter. The business had revenue of $6.81 billion during the quarter.

Hedge Funds Weigh In On Companhia Paranaense de Energia – Copel

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

Companhia Paranaense de Energia – Copel Company Profile

(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.

Further Reading

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