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Comp En De Mn Cemig ADS (NYSE:CIG) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

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 Friday . The stock has a two hundred day moving average of $1.84 and traded as high as $2.02. Comp En De Mn Cemig ADS shares last traded at $2.01, with a volume of 1,838,299 shares.

Analysts Set New Price Targets

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.

Get Our Latest Stock Analysis on Comp En De Mn Cemig ADS

Comp En De Mn Cemig ADS Stock Performance

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 stock has a market cap of $5.67 billion, a price-to-earnings ratio of 4.26 and a beta of 1.06. The company's 50-day simple moving average is $1.89 and its 200-day simple moving average is $1.84.

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.

Further Reading

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