Companhia Paranaense de Energia – COPEL (NYSE:ELP) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Companhia Paranaense de Energia – COPEL (NYSE:ELP) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.75 and traded as high as $7.41. Companhia Paranaense de Energia – COPEL shares last traded at $7.37, with a volume of 117,300 shares trading hands.

Companhia Paranaense de Energia – COPEL Price Performance

The firm has a market capitalization of $4.05 billion, a PE ratio of 43.56 and a beta of 1.01. The business has a 50-day moving average of $6.73 and a 200 day moving average of $6.76. The company has a current ratio of 1.45, a quick ratio of 1.43 and a debt-to-equity ratio of 0.51.

Companhia Paranaense de Energia – COPEL (NYSE:ELP) last released its quarterly earnings results on Friday, February 28th. The utilities provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $657.55 million. Companhia Paranaense de Energia – COPEL had a net margin of 14.20% and a return on equity of 11.88%. As a group, research analysts anticipate that Companhia Paranaense de Energia – COPEL will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Companhia Paranaense de Energia – COPEL

Institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Companhia Paranaense de Energia – COPEL in the 3rd quarter valued at $34,000. R Squared Ltd bought a new position in Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $31,000. PNC Financial Services Group Inc. grew its stake in Companhia Paranaense de Energia – COPEL by 78.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,754 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 3,849 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $56,000. Finally, First Affirmative Financial Network bought a new position in Companhia Paranaense de Energia – COPEL in the 4th quarter valued at $64,000. 3.80% of the stock is owned by hedge funds and other institutional investors.

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, Power Sale, and Gas segments.