CEMIG (NYSE:CIG)’s stock price traded up 5% during mid-day trading on Wednesday . The stock traded as high as $3.78 and last traded at $3.77, 2,997,711 shares were traded during mid-day trading. A decline of 20% from the average session volume of 3,750,028 shares. The stock had previously closed at $3.59.
Separately, ValuEngine downgraded shares of CEMIG from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. CEMIG has an average rating of “Hold”.
The stock has a market capitalization of $4.52 billion, a P/E ratio of 13.96 and a beta of 0.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.17 and a current ratio of 1.17. The company’s fifty day simple moving average is $3.73 and its two-hundred day simple moving average is $3.66.
About CEMIG (NYSE:CIG)
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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