Comp En De Mn Cemig ADS (NYSE:CIG) Reaches New 12-Month Low – Time to Sell?

Comp En De Mn Cemig ADS (NYSE:CIG)’s share price reached a new 52-week low on Thursday . The stock traded as low as $1.88 and last traded at $1.8897, with a volume of 5765472 shares traded. The stock had previously closed at $1.93.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Comp En De Mn Cemig ADS from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Comp En De Mn Cemig ADS Price Performance

The firm has a market capitalization of $5.51 billion, a PE ratio of 10.13 and a beta of 0.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50 day moving average is $2.09 and its two-hundred day moving average is $2.24.

Institutional Trading of Comp En De Mn Cemig ADS

A number of hedge funds have recently made changes to their positions in CIG. Greenspring Advisors LLC purchased a new position in Comp En De Mn Cemig ADS in the fourth quarter worth $30,000. SmartHarvest Portfolios LLC purchased a new stake in Comp En De Mn Cemig ADS during the fourth quarter valued at about $30,000. Inspire Advisors LLC raised its position in Comp En De Mn Cemig ADS by 55.8% during the fourth quarter. Inspire Advisors LLC now owns 15,716 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 5,631 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Comp En De Mn Cemig ADS during the fourth quarter worth about $33,000. Finally, Argos Wealth Advisors LLC bought a new stake in Comp En De Mn Cemig ADS during the fourth quarter worth about $38,000.

Comp En De Mn Cemig ADS Company Profile

Companhia Energética de Minas Gerais SA (Cemig ADS) is a leading Brazilian energy company primarily engaged in the generation, transmission, distribution and commercialization of electric power. Headquartered in Belo Horizonte, the company operates as a vertically integrated utility, serving residential, commercial and industrial customers across its concession areas. In addition to its core electricity business, Cemig maintains interests in natural gas distribution and distinct energy-related ventures, including renewable sources and infrastructure projects.

In its generation segment, Cemig manages a diversified portfolio that includes hydroelectric, photovoltaic and wind power plants.