CEMIG (NYSE:CIG) Shares Gap Down – Should You Sell?

CEMIG (NYSE:CIG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $2.00, but opened at $1.89. CEMIG shares last traded at $1.94, with a volume of 2,246,327 shares.

Analyst Upgrades and Downgrades

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

CEMIG Stock Down 2.0 %

The firm’s 50 day moving average price is $1.99 and its two-hundred day moving average price is $1.97. The firm has a market capitalization of $5.61 billion, a PE ratio of 4.67 and a beta of 1.30. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

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.