CEMIG (NYSE:CIG) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

CEMIG (NYSE:CIG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.94 and traded as high as $1.97. CEMIG shares last traded at $1.96, with a volume of 1,989,203 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CIG. Hsbc Global Res upgraded shares of CEMIG to a “hold” rating in a report on Friday, January 10th. HSBC downgraded shares of CEMIG from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

CEMIG Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.35. The firm has a market cap of $5.59 billion, a price-to-earnings ratio of 3.65 and a beta of 1.30. The stock’s fifty day moving average price is $1.84 and its 200-day moving average price is $1.94.

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.