Better Times Ahead For Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG)?

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) concluded trading on Thursday at a closing price of $2.00, with 3.14 million shares of worth about $6.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.39% during that period and on November 28, 2024 the price saw a loss of about -2.91%. Currently the company’s common shares owned by public are about 1.90B shares, out of which, 1.90B shares are available for trading.

Stock saw a price change of -3.38% in past 5 days and over the past one month there was a price change of 2.56%. Year-to-date (YTD), CIG shares are showing a performance of 20.28% which increased to 36.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.44 but also hit the highest price of $2.15 during that period. The average intraday trading volume for Cia Energetica DE Minas Gerais – Cemig ADR shares is 1.85 million. The stock is currently trading 0.38% above its 20-day simple moving average (SMA20), while that difference is up 0.27% for SMA50 and it goes to 6.98% higher than SMA200.

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Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) currently have 1.90B outstanding shares and institutions hold larger chunk of about 8.75% of that.

The stock has a current market capitalization of $3.81B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 3.74, while it has posted earnings per share of $0.53 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CIG, volatility over the week remained 2.72% while standing at 2.93% over the month.

Stock’s fiscal year EPS is expected to drop by -17.30% while it is estimated to decrease by -29.23% in next year. EPS is likely to shrink at an annualized rate of 0.00% for next 5-years, compared to annual growth of 19.94% made by the stock over the past 5-years.

Stock get a Buy rating from Goldman on November 14, 2019.

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