CEMIG (NYSE:CIG - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $2.00, but opened at $1.89. CEMIG shares last traded at $1.94, with a volume of 2,246,327 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Scotiabank assumed coverage on CEMIG in a research note on Thursday, October 31st. They set a "sector perform" rating for the company.
View Our Latest Analysis on CIG
CEMIG Stock Performance
The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $5.58 billion, a P/E ratio of 4.67 and a beta of 1.30. The firm's fifty day moving average price is $1.99 and its 200 day moving average price is $1.97.
About CEMIG
(
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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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