CEMIG (CIG) Hits New 12-Month High at $2.79

Shares of CEMIG (NYSE:CIG) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $2.79 and last traded at $2.58, with a volume of 1573275 shares changing hands. The stock had previously closed at $2.18.

Separately, ValuEngine raised CEMIG from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th.

The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.81. The stock has a market cap of $2.15 billion, a PE ratio of 10.27 and a beta of 1.67.

CEMIG (NYSE:CIG) last announced its quarterly earnings results on Tuesday, September 11th. The utilities provider reported ($0.01) earnings per share for the quarter. The business had revenue of $1.54 billion for the quarter. CEMIG had a return on equity of 6.47% and a net margin of 4.26%. Equities research analysts predict that CEMIG will post 0.35 earnings per share for the current fiscal year.

CEMIG Company Profile (NYSE:CIG)

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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