CEMIG (NYSE:CIG) fell 3.7% during trading on Friday . The stock traded as low as $2.59 and last traded at $2.59. 78,823 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 9,222,514 shares. The stock had previously closed at $2.69.
Several research firms have recently commented on CIG. TheStreet raised shares of CEMIG from a “c+” rating to a “b-” rating in a research note on Monday. JPMorgan Chase & Co. raised shares of CEMIG from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 27th. Finally, Zacks Investment Research downgraded shares of CEMIG from a “buy” rating to a “hold” rating in a research note on Thursday, May 6th.
The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a 50-day moving average of $2.38.
CEMIG Company Profile (NYSE:CIG)
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.
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