CEMIG (NYSE:CIG) Share Price Crosses Above Two Hundred Day Moving Average of $1.83

CEMIG (NYSE:CIGGet Free Report)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.83 and traded as high as $1.92. CEMIG shares last traded at $1.91, with a volume of 2,845,171 shares trading hands.

CEMIG Stock Up 2.4 %

The business’s fifty day moving average price is $1.93 and its 200 day moving average price is $1.83. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.45 billion, a PE ratio of 4.76 and a beta of 1.23.

CEMIG Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Monday, April 1st were issued a $0.0271 dividend. The ex-dividend date was Thursday, March 28th. CEMIG’s payout ratio is 42.50%.

CEMIG Company Profile

(Get Free Report)

Companhia Energ├ętica 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.

Further Reading

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