CEMIG (NYSE:CIG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.96 and traded as high as $1.96. CEMIG shares last traded at $1.95, with a volume of 13,540,529 shares traded.
CEMIG Stock Performance
The business's 50 day simple moving average is $2.04 and its two-hundred day simple moving average is $1.96. The firm has a market capitalization of $5.58 billion, a PE ratio of 4.64 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28.
CEMIG (NYSE:CIG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.07 EPS 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 during the quarter. Research analysts expect that CEMIG will post 0.36 earnings per share for the current fiscal year.
CEMIG Increases Dividend
The firm also recently declared a dividend, which was paid on Monday, September 9th. Stockholders of record on Monday, August 26th were given a dividend of $0.0908 per share. 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 is presently 40.48%.
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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