A worth reading Analysis of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) for the period of 9-Day stands at 25.5% while the stochastic %D for the same period stands at 31.67%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) while 20-100 Day MACD Oscillator indicates “Hold”.

Bollinger band is a volatility indicator of a certain security, currently CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG)’s 20-Day Bollinger Band indicates “Hold”.

About Company

CEMIG SA -ADR is active in the generation, transmission, distribution and commercialization business, Cemig continues to invest in the expansion of its services and in new technologies so as to remain a top notch company nationwide.  Using power sources such as hydraulic, thermal, wind and solar power and even other more advanced technologies, such as hydrogen fuel cells, Cemig goes on providing, under any circumstances, alternatives for the supply and commercialization of electric energy.

Previous Day Activity Analysis

On the last trading day, CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) opened the session at $2.54 and closed at $2.55. The stock gained 0.01 points in the last trade.

CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG)’s stock fluctuated in the range of $2.53 and $2.56 during the previous active session. CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) traded with the volume of 1.77 Million with average volume of 3.72 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 2.1 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.09 and 47.82 respectively.

Currently the Insider Ownership of the shares of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) is at 1% and the shares outstanding are 1.26 Billion.

Important Ratio Analysis

Some important ratios to consider here for CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) are discussed below:

Dividend yield of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) stands at 3.14% whereas Price to Earnings P/E ratio stands at 16.78 while Forward P/E shows the value of 8.36.

The Price to Sale P/S and Price to Book P/B shows the value of 0.52 and 0.76 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 4.19 and 4.89 correspondingly.

The Quick Ratio of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) stands at 0.7 while the Current Ratio depicts the value of 0.7.

Return on Assets ROA of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) is at 1.4% whereas, Return on Equity ROE and Return of Investment ROI of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) stand at 4.5% and 6.3% respectively.

The payout ratio of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) stands at 168.3%.

Stock Performance Analysis

The stock performance of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) on the basis of 5 day trade show the dip of -1.54% whereas, the monthly performance of the stock shows decrease of -7.94%.

The quarterly performance of the stock remained in red zone with the value of -9.25% while six month performance of the shares of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) remained bearish with the count of -14.14%.

The yearly and YTD performance of CompanhiaEnergetica de Minas Gerais S.A. (NYSE:CIG) remained mix at -4.16% and 11.84% respectively.

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