CEMIG (NYSE:CIG) Shares Gap Down – Time to Sell?

CEMIG (NYSE:CIG) shares gapped down prior to trading on Wednesday . The stock had previously closed at $1.90, but opened at $1.85. CEMIG shares last traded at $1.83, with a volume of 253,143 shares traded.

Analyst Ratings Changes

Separately, Scotiabank initiated coverage on shares of CEMIG in a research report on Thursday, October 31st. They set a “sector perform” rating for the company.

CEMIG Trading Up 4.0 %

The firm has a 50-day moving average price of $1.95 and a 200-day moving average price of $1.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $5.27 billion, a PE ratio of 3.44 and a beta of 1.31.

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.