CEMIG (NYSE:CIG - Get Free Report)'s stock price shot up 4.5% during trading on Thursday . The stock traded as high as $1.86 and last traded at $1.85. 1,445,170 shares traded hands during trading, a decline of 40% from the average session volume of 2,391,988 shares. The stock had previously closed at $1.77.
Wall Street Analyst Weigh In
Separately, Scotiabank began coverage on CEMIG in a report on Thursday, October 31st. They issued a "sector perform" rating on the stock.
Read Our Latest Analysis on CEMIG
CEMIG Price Performance
The company has a market cap of $5.27 billion, a price-to-earnings ratio of 3.44 and a beta of 1.31. The company has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $1.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.
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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