CEMIG (NYSE:CIG – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.95 and traded as high as $2.04. CEMIG shares last traded at $2.03, with a volume of 1,303,255 shares.
CEMIG Price Performance
The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $2.04 and its two-hundred day simple moving average is $1.95. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 5.08 and a beta of 1.29.
CEMIG (NYSE:CIG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.07 earnings per share for the quarter. The company had revenue of $1.81 billion during the quarter. CEMIG had a net margin of 15.70% and a return on equity of 21.49%. Equities research analysts predict that CEMIG will post 0.36 earnings per share for the current year.
CEMIG Increases Dividend
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.
Featured Articles
- Five stocks we like better than CEMIG
- How to Capture the Benefits of Dividend Increases
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- What is a Low P/E Ratio and What Does it Tell Investors?
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for CEMIG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMIG and related companies with MarketBeat.com's FREE daily email newsletter.