CEMIG (NYSE:CIG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.95 and traded as high as $1.98. CEMIG shares last traded at $1.96, with a volume of 1,991,507 shares changing hands.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Hsbc Global Res raised shares of CEMIG to a "hold" rating in a research note on Friday, January 10th. Scotiabank began coverage on shares of CEMIG in a research note on Thursday, October 31st. They issued a "sector perform" rating on the stock. Finally, HSBC cut shares of CEMIG from a "buy" rating to a "hold" rating in a research note on Friday, January 10th.
Check Out Our Latest Stock Analysis on CIG
CEMIG Price Performance
The company's 50 day moving average price is $1.83 and its 200-day moving average price is $1.95. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 3.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04.
CEMIG Company Profile
(
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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