Shares of CEMIG (NYSE:CIG - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $1.90, but opened at $1.85. CEMIG shares last traded at $1.83, with a volume of 253,143 shares.
Analyst Upgrades and Downgrades
Separately, Scotiabank began coverage on CEMIG in a research report on Thursday, October 31st. They issued a "sector perform" rating on the stock.
Get Our Latest Stock Analysis on CIG
CEMIG Stock Down 6.8 %
The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 3.31 and a beta of 1.31. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock's 50 day moving average is $1.95 and its 200 day moving average is $1.96.
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.
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