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

CEMIG (NYSE:CIG)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

CEMIG Stock Up 4.4 %

The firm’s 50-day moving average price is $1.91 and its 200 day moving average price is $1.84. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 4.78 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 EPS for the quarter. CEMIG had a net margin of 14.81% and a return on equity of 22.80%. The business had revenue of $2.01 billion during the quarter. On average, sell-side analysts forecast that CEMIG will post 0.22 EPS for the current fiscal 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.