CEMIG (NYSE:CIG) Shares Cross Above 200 Day Moving Average of $1.84

CEMIG (NYSE:CIG) crossed 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 trading hands.

CEMIG Trading Up 4.4 %

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 stock has a market capitalization of $5.47 billion, a PE ratio of 4.78 and a beta of 1.28. The stock has a 50 day moving average price of $1.91 and a 200-day moving average price of $1.84.

CEMIG (NYSE:CIG) last released its quarterly earnings results 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 expect 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.