CEMIG (NYSE:CIG) Trading Down 4.5% – Time to Sell?

CEMIG (NYSE:CIG) shares traded down 4.5% during mid-day trading on Monday . The company traded as low as $1.80 and last traded at $1.81. 1,068,016 shares changed hands during trading, a decline of 55% from the average session volume of 2,392,857 shares. The stock had previously closed at $1.89.

Analyst Upgrades and Downgrades

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

CEMIG Stock Performance

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $5.18 billion, a PE ratio of 3.38 and a beta of 1.31. The company’s 50-day moving average price is $1.95 and its two-hundred day moving average price is $1.96.

About CEMIG

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.