CEMIG (NYSE:CIG)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $3.62. CEMIG shares last traded at $3.62, with a volume of 54,900 shares traded.
Separately, ValuEngine cut CEMIG from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold”.
The company has a debt-to-equity ratio of 0.70, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $4.36 billion, a P/E ratio of 14.64 and a beta of 0.21. The firm’s 50-day moving average is $3.78.
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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