CEMIG (NYSE:CIG) Share Price Passes Above Two Hundred Day Moving Average of $1.84

CEMIG (NYSE:CIG) shares crossed 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 $1.93. CEMIG shares last traded at $1.91, with a volume of 3,087,408 shares trading hands.

CEMIG Price Performance

The business has a fifty day moving average of $1.91 and a 200 day moving average of $1.84. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $5.47 billion, a PE ratio of 4.78 and a beta of 1.28.

CEMIG (NYSE:CIG) last issued its quarterly earnings data on Tuesday, April 30th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. CEMIG had a return on equity of 22.80% and a net margin of 14.81%. The business had revenue of $2.01 billion during the quarter. Sell-side analysts anticipate that CEMIG will post 0.22 earnings per share for the current year.

CEMIG Company Profile

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.