CEMIG (NYSE:CIG) Shares Gap Up to $3.63
CEMIG (NYSE:CIG) gapped up before the market opened on Friday . The stock had previously closed at $3.55, but opened at $3.63. CEMIG shares last traded at $3.69, with a volume of 3,507,000 shares trading hands.
Several equities analysts have recently weighed in on the company. Goldman Sachs Group assumed coverage on CEMIG in a report on Thursday, November 14th. They set a “buy” rating on the stock. ValuEngine raised CEMIG from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th.
The stock has a fifty day moving average of $3.31 and a 200 day moving average of $3.42. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.73.
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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