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Comp En De Mn Cemig ADS (NYSE:CIG) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Comp En De Mn Cemig ADS logo with Utilities background

Shares of Comp En De Mn Cemig ADS (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 $1.91. Comp En De Mn Cemig ADS shares last traded at $1.88, with a volume of 1,438,945 shares.

Wall Street Analyst Weigh In

Separately, Bank of America lowered shares of Comp En De Mn Cemig ADS from a "neutral" rating to an "underperform" rating in a research report on Tuesday, April 1st.

Check Out Our Latest Report on Comp En De Mn Cemig ADS

Comp En De Mn Cemig ADS Stock Down 1.3%

The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 3.95 and a beta of 1.06. The business's 50-day moving average is $1.89 and its two-hundred day moving average is $1.85. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.46.

Hedge Funds 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 boosted its position in shares of Comp En De Mn Cemig ADS (NYSE:CIG - Free Report) by 69.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,227 shares of the utilities provider's stock after acquiring an additional 6,227 shares during the period. GAMMA Investing LLC's holdings in Comp En De Mn Cemig ADS were worth $30,000 as of its most recent SEC filing.

Comp En De Mn Cemig ADS Company Profile

(Get Free Report)

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.

See Also

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