Shares of Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.85 and traded as high as $1.85. Comp En De Mn Cemig ADS shares last traded at $1.82, with a volume of 2,121,164 shares traded.
Comp En De Mn Cemig ADS Price Performance
The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $5.25 billion, a P/E ratio of 3.95 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.
Hedge Funds Weigh In On Comp En De Mn Cemig ADS
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in shares of Comp En De Mn Cemig ADS by 2,157.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,331,902 shares of the utilities provider's stock worth $4,571,000 after buying an additional 2,228,591 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Comp En De Mn Cemig ADS by 188.8% in the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 170,383 shares of the utilities provider's stock valued at $334,000 after purchasing an additional 111,394 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Comp En De Mn Cemig ADS by 7.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,815 shares of the utilities provider's stock valued at $203,000 after purchasing an additional 7,447 shares during the last quarter. Precision Wealth Strategies LLC bought a new stake in shares of Comp En De Mn Cemig ADS during the second quarter worth $154,000. Finally, GAMMA Investing LLC raised its position in shares of Comp En De Mn Cemig ADS by 69.2% during the second quarter. GAMMA Investing LLC now owns 15,227 shares of the utilities provider's stock worth $30,000 after acquiring an additional 6,227 shares during the last quarter.
About Comp En De Mn Cemig ADS
(
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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.
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