- ELP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.2 million.
- ELP has traded 202,363 shares today.
- ELP is trading at 5.22 times the normal volume for the stock at this time of day.
- ELP is trading at a new low 5.08% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of 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 (or avoid losses by trimming weak positions). 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 3.8%. 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 507,400 shares per day over the past 30 days. Energy Company of Parana has a market cap of $2.2 billion and is part of the utilities sector and utilities industry. Shares are up 40.7% 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 increase in net income, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins. Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electric Utilities industry. The net income increased by 71.1% when compared to the same quarter one year prior, rising from $58.31 million to $99.78 million.
- The current debt-to-equity ratio, 0.54, 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 1.14, which illustrates the ability to avoid short-term cash problems.
- The revenue fell significantly faster than the industry average of 7.9%. Since the same quarter one year prior, revenues fell by 39.0%. The declining revenue has not hurt the company's bottom line, with increasing 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. Compared to other companies in the Electric Utilities industry and the overall market on the basis of return on equity, COPEL-CIA PARANAENSE ENERGIA has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
- ELP's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 32.58%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
- You can view the full Energy Company of Parana Ratings Report.
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