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
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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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