CEMIG (NYSE:CIG) Sees Large Volume Increase

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CEMIG (NYSE:CIG) shares saw strong trading volume on Monday . 13,307,745 shares traded hands during trading, an increase of 262% from the previous session’s volume of 3,671,606 shares.The stock last traded at $3.08 and had previously closed at $3.07.

CIG has been the subject of a number of research analyst reports. ValuEngine upgraded CEMIG from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Goldman Sachs Group assumed coverage on CEMIG in a report on Thursday, November 14th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold”.

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day simple moving average of $3.13 and a two-hundred day simple moving average of $3.48.

CEMIG Company Profile (NYSE:CIG)

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.

See Also: Equal Weight Rating

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