Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) finished Thursday with an addition of $0.03 to close at $2.46, an upside of 1.23 percent. An average of 2,876,720 shares of common stock have been traded in the last five days. There was a fall of -$0.11 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 2,685,810 shares traded, while the 50-day average volume stands at 3,905,416.
CIG stock has decreased by -1.99% in the last month. The company shares reached their 1-month lowest point of $2.37 on 09/07/23. With the stock rallying to its 52-week high on 06/23/23, shares of the company touched a low of $1.69 and a high of $2.68 in 52 weeks. It has reached a new high 20 times so far this year and achieved 25.16% or $0.43 in price. In spite of this, the price is down -8.21% from the 52-week high.
Valuation Metrics
Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has a trailing price-to-earnings (P/E) ratio of 5.34. The stock’s beta is 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.51, the price-to-book (PB) ratio at 1.20, and the price-to-cash flow ratio at 3.17.
The company has a payout ratio of 48.67%. The company’s most recent quarterly dividend payment was $0.13 a share, representing a up of 815.49% from $0.0142 last year. Its latest increase dividend $0.1158 reported on Friday April 6 2018.
Financial Health
The quick ratio of Cia Energetica DE Minas Gerais – Cemig ADR for the recent quarter was 1.34, and the current ratio was 1.34, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.52 and a total debt to equity ratio of 0.56 for the recent quarter. Cia Energetica DE Minas Gerais – Cemig ADR’s EBITDA margin is 20.59%, while its operating margin for the same period stands at 18.37%. Its gross profit as reported stood at $927.63 million compared to revenue of $6.68 billion.
Earnings Surprise
For the recent quarter, Cia Energetica DE Minas Gerais – Cemig ADR had $48.07 million in total debt. The company posted a net income of $777.48 million in the quarter, while revenues were grew 8.33%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Cia Energetica DE Minas Gerais – Cemig ADR (CIG) price momentum. RSI 9-day as of the close on 28 September was 41.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.84%.
As of today, CIG’s price is $2.50 -4.28% or -$0.11 from its 5-day moving average. CIG is currently trading -3.15% lower than its 20-day SMA and +3.80% higher than its 100-day SMA. However, the stock’s current price level is -3.91% below the SMA50 and +17.70% above the SMA200.
The stochastic %K and %D were 25.61% and 39.07%, respectively, and the average true range (ATR) was 0.07. With the 14-day stochastic at 21.44% and the average true range at 0.06, the RSI (14) stands at 44.89%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.08.
Analyst Ratings
BofA Securities upgraded Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
