CEMIG (NYSE:CIG) Stock Price Passes Above 200 Day Moving Average - What's Next?

CEMIG (NYSE:CIG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.96 and traded as high as $1.96. CEMIG shares last traded at $1.91, with a volume of 968,178 shares traded.

CEMIG Stock Down 2.6 %

The company's 50-day moving average price is $2.06 and its 200 day moving average price is $1.96. 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 stock has a market cap of $5.47 billion, a PE ratio of 4.78 and a beta of 1.29.

CEMIG (NYSE:CIG - Get Free Report) last released its earnings results on Tuesday, August 13th. The utilities provider reported $0.07 earnings per share for the quarter. CEMIG had a return on equity of 21.49% and a net margin of 15.70%. The company had revenue of $1.81 billion for the quarter. As a group, analysts forecast that CEMIG will post 0.36 EPS for the current fiscal year.

CEMIG Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were paid a dividend of $0.0908 per share. This is a boost from CEMIG's previous dividend of $0.03. The ex-dividend date of this dividend was Monday, August 26th. CEMIG's payout ratio 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.