Companhia Paranaense de Energia (ELP) Sees Large Volume Increase
Companhia Paranaense de Energia (NYSE:ELP) shares saw an uptick in trading volume on Friday . 485,833 shares traded hands during trading, an increase of 11% from the previous session’s volume of 436,233 shares.The stock last traded at $9.97 and had previously closed at $10.10.
Separately, Citigroup Inc. lowered shares of Companhia Paranaense de Energia from a “buy” rating to a “neutral” rating in a report on Friday, August 5th.
The company’s 50-day moving average price is $9.71 and its 200 day moving average price is $7.78. The company has a market cap of $2.69 billion and a PE ratio of 9.64.
Companhia Paranaense de Energia – Copel is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its operating segments are Power generation and transmission (GeT), Power distribution and sales (DIS), Telecommunications (TEL), Gas (GAS) and Holding Company (HOL).
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