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Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Stock Could Soon Reward Patient Investors

Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) is 5.71% higher on its value in year-to-date trading and has touched a low of $1.52 and a high of $2.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CIG stock was last observed hovering at around $1.88 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $1.86, the stock is -4.25% and -3.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing -1.06% at the moment leaves the stock 3.89% off its SMA200. CIG registered 10.02% gain for a year compared to 6-month gain of 17.10%.

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The stock witnessed a -5.55% loss in the last 1 month and extending the period to 3 months gives it a 4.80%, and is -3.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.61% over the week and 2.93% over the month.

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) has around 4918 employees, a market worth around $3.54B and $7.39B in sales. Current P/E ratio is 5.98 and Fwd P/E is 5.75. Profit margin for the company is 15.63%. Distance from 52-week low is 22.65% and -10.44% from its 52-week high. The company has generated returns on investments over the last 12 months (18.48%).

The EPS is expected to shrink by -22.63% this year.

Cia Energetica DE Minas Gerais – Cemig ADR (CIG) Top Institutional Holders

The shares outstanding are 2.48B, and float is at 1.90B with Short Float at 0.02%.

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