Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.87 and traded as high as $2.04. Comp En De Mn Cemig ADS shares last traded at $2.03, with a volume of 1,572,484 shares trading hands.
Comp En De Mn Cemig ADS Trading Down 0.3%
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 50-day moving average of $1.92 and a 200 day moving average of $1.87. The company has a market cap of $5.65 billion, a P/E ratio of 4.29 and a beta of 1.13.
Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) last announced its earnings results on Thursday, August 14th. The utilities provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Comp En De Mn Cemig ADS had a return on equity of 16.35% and a net margin of 15.68%.The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $9.19 billion. On average, analysts predict that Comp En De Mn Cemig ADS will post 0.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Comp En De Mn Cemig ADS
Several institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC boosted its position in shares of Comp En De Mn Cemig ADS by 158.4% during the 2nd quarter. Corient Private Wealth LLC now owns 590,870 shares of the utilities provider's stock valued at $1,158,000 after purchasing an additional 362,171 shares in the last quarter. Modern Wealth Management LLC acquired a new position in Comp En De Mn Cemig ADS during the 2nd quarter worth approximately $92,000. BNP Paribas Financial Markets raised its stake in Comp En De Mn Cemig ADS by 289.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 159,985 shares of the utilities provider's stock worth $314,000 after buying an additional 118,951 shares during the period. The Manufacturers Life Insurance Company raised its stake in Comp En De Mn Cemig ADS by 100.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 149,810 shares of the utilities provider's stock worth $294,000 after buying an additional 74,987 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in Comp En De Mn Cemig ADS during the 2nd quarter worth approximately $130,000.
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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