Trade-Ideas LLC identified Energy Company of Parana ( ELP) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Energy Company of Parana as such a stock due to the following factors:

  • ELP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.8 million.
  • ELP has traded 88,982 shares today.
  • ELP is trading at 2.08 times the normal volume for the stock at this time of day.
  • ELP is trading at a new high 3.05% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in ELP with the Ticky from Trade-Ideas. See the FREE profile for ELP NOW at Trade-Ideas

More details on ELP:

Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Parana, Brazil. The stock currently has a dividend yield of 14.3%. Currently there is 1 analyst that rates Energy Company of Parana a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Energy Company of Parana has been 439,200 shares per day over the past 30 days. Energy Company of Parana has a market cap of $1.5 billion and is part of the utilities sector and utilities industry. Shares are up 0.7% year-to-date as of the close of trading on Thursday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Energy Company of Parana as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

Highlights from the ratings report include:
  • The current debt-to-equity ratio, 0.51, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.23, which illustrates the ability to avoid short-term cash problems.
  • ELP, with its very weak revenue results, has greatly underperformed against the industry average of 6.5%. Since the same quarter one year prior, revenues plummeted by 75.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Electric Utilities industry and the overall market, COPEL-CIA PARANAENSE ENERGIA's return on equity is below that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $25.37 million or 91.19% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.