Shares of Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.84 and traded as high as $1.97. Comp En De Mn Cemig ADS shares last traded at $1.96, with a volume of 3,864,144 shares changing hands.
Wall Street Analyst Weigh In
Separately, Bank of America cut shares of Comp En De Mn Cemig ADS from a "neutral" rating to an "underperform" rating in a research report on Tuesday, April 1st.
Read Our Latest Analysis on CIG
Comp En De Mn Cemig ADS Trading Up 0.8%
The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $5.59 billion, a P/E ratio of 4.21 and a beta of 1.07. The stock's fifty day moving average price is $1.84 and its 200 day moving average price is $1.84.
Comp En De Mn Cemig ADS Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.033 dividend. The ex-dividend date of this dividend was Monday, March 31st. Comp En De Mn Cemig ADS's dividend payout ratio is currently 43.48%.
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.
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