CEMIG (NYSE:CIG - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.94 and traded as high as $1.97. CEMIG shares last traded at $1.96, with a volume of 1,989,203 shares changing hands.
Analyst Upgrades and Downgrades
CIG has been the topic of several research reports. HSBC downgraded shares of CEMIG from a "buy" rating to a "hold" rating in a report on Friday, January 10th. Hsbc Global Res upgraded shares of CEMIG to a "hold" rating in a report on Friday, January 10th.
View Our Latest Research Report on CIG
CEMIG Stock Up 0.8 %
The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 3.65 and a beta of 1.30. The business's 50 day moving average price is $1.84 and its 200 day moving average price is $1.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04.
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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