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Comp En De Mn Cemig ADS (NYSE:CIG) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Comp En De Mn Cemig ADS logo with Utilities background

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 Thursday . The stock has a two hundred day moving average of $1.84 and traded as high as $1.92. Comp En De Mn Cemig ADS shares last traded at $1.92, with a volume of 2,188,459 shares changing hands.

Analyst Ratings Changes

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.

Check Out Our Latest Stock Analysis on Comp En De Mn Cemig ADS

Comp En De Mn Cemig ADS Stock Performance

The firm has a fifty day moving average of $1.87 and a 200-day moving average of $1.84. 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 firm has a market cap of $5.61 billion, a P/E ratio of 4.22 and a beta of 1.07.

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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