Look Past The Setbacks And Give Cia Energetica DE Minas Gerais – Cemig ADR (NYSE: CIG) Another Chance

Cia Energetica DE Minas Gerais – Cemig ADR (NYSE:CIG) currently has a daily average trading volume of 3.79M but it saw 4222110 shares traded in last market. With a market cap of 3.47B USD, the company’s current market price of $1.82 came falling about -0.55 while comparing to the previous closing price of $1.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.07 and as low as $1.59.

Year-to-date it is 4.74% up and over the past year, the stock is showing an upside performance of 0.22%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.21. In next quarter, company is expected to be making quarterly sales of $8.8B as analysts are expecting the sales for current fiscal year at $36.85B and seeing the company making $34.49B in sales next year. Moreover, analysts are in estimates of $8.7B for current-quarter revenue.

Currently, Cia Energetica DE Minas Gerais – Cemig ADR’s total number of outstanding shares is 1.90B with 0.00% of that held by the insiders while 8.47% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 17.71% and return on equity (ROE) at 26.38%. It has a price to earnings ratio (P/E ratio) of 4.12 while having a 8.17 of forward P/E ratio. Stock’s beta reads 1.02. Stock has a price to book (P/B) ratio of 1.07 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is 11.17% on average.

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