CEMIG (NYSE:CIG) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

CEMIG (NYSE:CIG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.95 and traded as high as $2.04. CEMIG shares last traded at $2.03, with a volume of 1,303,255 shares trading hands.

CEMIG Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. The firm's 50 day simple moving average is $2.04 and its 200-day simple moving average is $1.95. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 5.08 and a beta of 1.29.

CEMIG (NYSE:CIG - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.07 EPS for the quarter. The business had revenue of $1.81 billion for the quarter. CEMIG had a return on equity of 21.49% and a net margin of 15.70%. On average, sell-side analysts predict that CEMIG will post 0.36 EPS for the current year.

CEMIG Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a $0.0908 dividend. The ex-dividend date of this dividend was Monday, August 26th. This is a positive change from CEMIG's previous dividend of $0.03. CEMIG's dividend payout ratio (DPR) is 42.50%.

CEMIG Company Profile

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.