CEMIG (NYSE:CIG - Get Free Report)'s stock price dropped 5.3% during mid-day trading on Friday . The company traded as low as $1.88 and last traded at $1.87. Approximately 424,529 shares traded hands during trading, a decline of 80% from the average daily volume of 2,170,578 shares. The stock had previously closed at $1.97.
Wall Street Analyst Weigh In
CIG has been the subject of a number of recent research reports. Hsbc Global Res raised CEMIG to a "hold" rating in a research note on Friday, January 10th. HSBC lowered CEMIG from a "buy" rating to a "hold" rating in a research note on Friday, January 10th.
View Our Latest Analysis on CEMIG
CEMIG Stock Performance
The business's fifty day simple moving average is $1.88 and its 200-day simple moving average is $1.92. The firm has a market cap of $5.25 billion, a P/E ratio of 3.43 and a beta of 1.30. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35.
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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