Stock Price of Comp En De Mn Cemig ADS (CIG) Increases 2.73%

Comp En De Mn Cemig ADSs in-depth data and chart pattern analysis indicates that the stock price has rallied 59.91% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 26.02% . Looking at the past 52 week period, the stock price is up at 133.79% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Comp En De Mn Cemig ADS has a positive value of 0.89 compared to overall market.

Companhia Energetica de Minas Gerais S.A. stock has recorded a 20-day Moving Average of 12.83% and the 50-Day Moving Average is 29.84%.The 200 Day SMA reached 42.22%Based on the Stock Research the Relative Strength Index signal is in over bought territory with a range of 69.85. Comp En De Mn Cemig ADS (NYSE:CIG) has climbed 2.73% in the past week and advanced 21.51% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.03% and the outperformance has advanced to 17.78% for the last 4 weeks period.

Comp En De Mn Cemig ADS (NYSE:CIG) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.07 points or 2.02% at $3.39 with 3,739,702 shares getting traded. Post opening the session at $3.44, the shares hit an intraday low of $3.34 and an intraday high of $3.45 and the price was in this range throughout the day. The company has a market cap of $4,267 million and the number of outstanding shares has been calculated to be 1,258,841,650 shares. The 52-week high of Comp En De Mn Cemig ADS (NYSE:CIG) is $3.755 and the 52-week low is $1.4.

Institutional Investors own 3.29% of Comp En De Mn Cemig ADS shares.

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.

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