COMPANHIA ENERG/S (NYSE:CIG.C) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of COMPANHIA ENERG/S (NYSE:CIG.CGet Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.53 and traded as low as $2.47. COMPANHIA ENERG/S shares last traded at $2.47, with a volume of 1,033 shares traded.

COMPANHIA ENERG/S Price Performance

The stock has a 50 day moving average price of $2.53 and a 200-day moving average price of $2.54.

About COMPANHIA ENERG/S

(Get Free Report)

Companhia Energética de Minas Gerais, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Brazil. As of December 31, 2017, the company operated 117 hydroelectric, thermoelectric, and wind plants with an installed capacity of 5.7 GW; 38 substations and 4,927 km of transmission lines; and 529,873 km of distribution networks and 17,301 km of distribution lines.

Further Reading

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