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Comp En De Mn Cemig ADS (NYSE:CIG) Shares Gap Down - Here's Why

Comp En De Mn Cemig ADS logo with Utilities background

Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $1.99, but opened at $1.95. Comp En De Mn Cemig ADS shares last traded at $1.95, with a volume of 188,171 shares changing hands.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on CIG

Comp En De Mn Cemig ADS Stock Performance

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 4.10 and a beta of 1.06. The company has a 50-day moving average of $1.89 and a 200-day moving average of $1.85.

About Comp En De Mn Cemig ADS

(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.

Further Reading

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