CEMIG (NYSE:CIG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.85 and traded as high as $1.88. CEMIG shares last traded at $1.87, with a volume of 6,318,770 shares traded.
Wall Street Analysts Forecast Growth
Separately, Bank of America lowered CEMIG from a "neutral" rating to an "underperform" rating in a research report on Tuesday, April 1st.
Check Out Our Latest Report on CIG
CEMIG Price Performance
The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50-day moving average of $1.79 and a 200-day moving average of $1.85. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 3.56 and a beta of 1.11.
CEMIG Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.033 dividend. The ex-dividend date of this dividend was Monday, March 31st. CEMIG's dividend payout ratio is presently 43.48%.
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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