Comp En De Mn Cemig ADS (NYSE:CIG) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.89 and traded as high as $2.13. Comp En De Mn Cemig ADS shares last traded at $2.10, with a volume of 2,417,778 shares trading hands.Comp En De Mn Cemig ADS Stock Down 0.5%The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 4.57 and a beta of 1.13. The business's 50-day moving average is $1.98 and its two-hundred day moving average is $1.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.00. Comp En De Mn Cemig ADS (NYSE:CIG - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The utilities provider reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $9.19 billion. Comp En De Mn Cemig ADS had a net margin of 15.68% and a return on equity of 16.30%. On average, equities analysts anticipate that Comp En De Mn Cemig ADS will post 0.44 earnings per share for the current year. Institutional Trading of Comp En De Mn Cemig ADSA number of large investors have recently bought and sold shares of CIG. GAMMA Investing LLC increased its stake in Comp En De Mn Cemig ADS by 69.2% during the 2nd quarter. GAMMA Investing LLC now owns 15,227 shares of the utilities provider's stock worth $30,000 after purchasing an additional 6,227 shares in the last quarter. MAI Capital Management bought a new stake in Comp En De Mn Cemig ADS during the 2nd quarter worth approximately $41,000. EverSource Wealth Advisors LLC increased its stake in Comp En De Mn Cemig ADS by 224.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 23,648 shares of the utilities provider's stock worth $46,000 after purchasing an additional 16,354 shares in the last quarter. Marshall Wace LLP bought a new stake in Comp En De Mn Cemig ADS during the 2nd quarter worth approximately $62,000. Finally, Modern Wealth Management LLC bought a new stake in Comp En De Mn Cemig ADS during the 2nd quarter worth approximately $92,000. About Comp En De Mn Cemig ADS (Get Free Report)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.Featured ArticlesFive stocks we like better than Comp En De Mn Cemig ADSHow is Compound Interest Calculated?PayPal Stock: Why Wall Street May Be Undervaluing This GiantThe How And Why of Investing in Oil StocksWhy Vertical Aerospace Could Lead the eVTOL Market by 2028How to Short a Stock in 5 Easy Steps Is Draganfly's Army Partnership a Game-Changer for Investors?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Comp En De Mn Cemig ADS Right Now?Before you consider Comp En De Mn Cemig ADS, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comp En De Mn Cemig ADS wasn't on the list.While Comp En De Mn Cemig ADS currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here