Shares of CEMIG (NYSE:CIG - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $1.79, but opened at $1.75. CEMIG shares last traded at $1.75, with a volume of 97,561 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Scotiabank began coverage on shares of CEMIG in a research note on Thursday, October 31st. They set a "sector perform" rating on the stock.
Get Our Latest Research Report on CEMIG
CEMIG Stock Performance
The stock has a market capitalization of $4.95 billion, a PE ratio of 3.23 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 has a fifty day moving average of $1.92 and a 200-day moving average of $1.96.
CEMIG Company Profile
(
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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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