CEMIG (NYSE:CIG - Get Free Report)'s stock price traded up 3.8% during trading on Thursday . The stock traded as high as $1.79 and last traded at $1.79. 143,654 shares traded hands during trading, a decline of 94% from the average session volume of 2,293,860 shares. The stock had previously closed at $1.72.
Analyst Ratings Changes
Several research firms recently weighed in on CIG. Hsbc Global Res upgraded shares of CEMIG to a "hold" rating in a research note on Friday, January 10th. HSBC downgraded CEMIG from a "buy" rating to a "hold" rating in a research report on Friday, January 10th. Finally, Bank of America lowered CEMIG from a "neutral" rating to an "underperform" rating in a research note on Tuesday, April 1st.
View Our Latest Analysis on CIG
CEMIG Stock Performance
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a 50 day moving average price of $1.88 and a two-hundred day moving average price of $1.90. The company has a market capitalization of $4.68 billion, a P/E ratio of 3.05 and a beta of 1.01.
CEMIG Cuts Dividend
The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a $0.033 dividend. The ex-dividend date was Monday, March 31st. CEMIG's dividend payout ratio (DPR) is 25.93%.
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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