CEMIG (NYSE:CIG) Shares Down 2.2%

CEMIG (NYSE:CIG)’s stock price fell 2.2% on Friday . The stock traded as low as $1.77 and last traded at $1.78. 257,878 shares were traded during trading, a decline of 91% from the average session volume of 2,759,505 shares. The stock had previously closed at $1.82.

CEMIG Trading Down 3.3 %

The business has a 50-day moving average price of $1.91 and a 200-day moving average price of $1.85. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.04 billion, a P/E ratio of 4.40 and a beta of 1.28.

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

About CEMIG

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.