CEMIG (NYSE:CIG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.85 and traded as high as $1.90. CEMIG shares last traded at $1.85, with a volume of 1,616,767 shares traded.
Analyst Upgrades and Downgrades
Separately, Bank of America downgraded CEMIG from a "neutral" rating to an "underperform" rating in a report on Tuesday, April 1st.
Get Our Latest Research Report on CIG
CEMIG Stock Performance
The firm's fifty day simple moving average is $1.80 and its 200 day simple moving average is $1.85. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 3.43 and a beta of 1.07. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.04 and a quick ratio of 1.04.
CEMIG Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.033 per share. The ex-dividend date of this dividend was Monday, March 31st. CEMIG's payout ratio is 43.48%.
About CEMIG
(
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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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