CEMIG (NYSE:CIG) Shares Down 4.5% – What’s Next?

CEMIG (NYSE:CIG)’s share price fell 4.5% during trading on Monday . The stock traded as low as $1.80 and last traded at $1.81. 1,068,016 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 2,392,857 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

Separately, Scotiabank assumed coverage on shares of CEMIG in a research report on Thursday, October 31st. They issued a “sector perform” rating on the stock.

CEMIG Price Performance

The stock has a 50 day moving average price of $1.94 and a two-hundred day moving average price of $1.96. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 3.38 and a beta of 1.31. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.96.

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.