CEMIG (NYSE:CIG - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.87 and traded as high as $1.90. CEMIG shares last traded at $1.88, with a volume of 4,099,855 shares traded.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on CIG shares. Hsbc Global Res raised shares of CEMIG to a "hold" rating in a research report on Friday, January 10th. HSBC downgraded CEMIG from a "buy" rating to a "hold" rating in a report on Friday, January 10th. Finally, Bank of America lowered CEMIG from a "neutral" rating to an "underperform" rating in a research note on Tuesday, April 1st.
Get Our Latest Analysis on CEMIG
CEMIG Stock Performance
The firm has a fifty day simple moving average of $1.82 and a 200-day simple moving average of $1.86. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 3.52 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35.
CEMIG Cuts Dividend
The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.033 per share. The ex-dividend date was Monday, March 31st. CEMIG's payout ratio is presently 25.93%.
About CEMIG
(
Get Free Report)
Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. The company generates electricity through renewable energy sources, such as water, wind, sun, and biomass; or non-renewable sources, including fossil and nuclear fuels.
Further Reading
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