Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.85 and traded as high as $1.91. Comp En De Mn Cemig ADS shares last traded at $1.88, with a volume of 1,438,945 shares.
Analyst Upgrades and Downgrades
Separately, Bank of America lowered Comp En De Mn Cemig ADS from a "neutral" rating to an "underperform" rating in a research note on Tuesday, April 1st.
View Our Latest Report on CIG
Comp En De Mn Cemig ADS Trading Down 2.3%
The company has a market cap of $5.37 billion, a P/E ratio of 4.04 and a beta of 1.06. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $1.85.
Institutional Investors Weigh In On Comp En De Mn Cemig ADS
A hedge fund recently raised its stake in Comp En De Mn Cemig ADS stock. GAMMA Investing LLC lifted its position in shares of Comp En De Mn Cemig ADS (NYSE:CIG - Free Report) by 69.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,227 shares of the utilities provider's stock after acquiring an additional 6,227 shares during the quarter. GAMMA Investing LLC's holdings in Comp En De Mn Cemig ADS were worth $30,000 at the end of the most recent reporting period.
About Comp En De Mn Cemig ADS
(
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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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