Comp En De Mn Cemig ADS (NYSE:CIG) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Comp En De Mn Cemig ADS (NYSE:CIG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.84 and traded as high as $1.92. Comp En De Mn Cemig ADS shares last traded at $1.92, with a volume of 2,188,459 shares traded.

Wall Street Analysts Forecast Growth

Separately, Bank of America downgraded Comp En De Mn Cemig ADS from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 1st.

Comp En De Mn Cemig ADS Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $1.86 and a 200 day simple moving average of $1.84. The company has a market capitalization of $5.48 billion, a price-to-earnings ratio of 4.12 and a beta of 1.07.

Comp En De Mn Cemig ADS 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.