Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.87 and traded as high as $2.04. Comp En De Mn Cemig ADS shares last traded at $2.02, with a volume of 943,022 shares traded.
Comp En De Mn Cemig ADS Trading Down 0.5%
The company has a 50-day simple moving average of $1.93 and a 200-day simple moving average of $1.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $5.81 billion, a P/E ratio of 4.41 and a beta of 1.13.
Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The utilities provider reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Comp En De Mn Cemig ADS had a return on equity of 16.30% and a net margin of 15.68%.The business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $9.19 billion. On average, sell-side analysts forecast that Comp En De Mn Cemig ADS will post 0.44 EPS for the current fiscal year.
Hedge Funds Weigh In On Comp En De Mn Cemig ADS
A number of large investors have recently made changes to their positions in CIG. Corient Private Wealth LLC increased its stake in shares of Comp En De Mn Cemig ADS by 158.4% in 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 during the last quarter. Modern Wealth Management LLC acquired a new position in Comp En De Mn Cemig ADS during the 2nd quarter worth about $92,000. BNP Paribas Financial Markets lifted its holdings 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 lifted its stake in shares of Comp En De Mn Cemig ADS by 100.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 149,810 shares of the utilities provider's stock valued at $294,000 after purchasing an additional 74,987 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Comp En De Mn Cemig ADS in the 2nd quarter valued at about $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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