COMPANHIA ENERG/S (NYSE:CIG.C – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $2.16 billion for the quarter.
COMPANHIA ENERG/S Stock Up 1.2%
Shares of CIG.C traded up $0.03 during midday trading on Friday, reaching $2.84. 10,490 shares of the stock were exchanged, compared to its average volume of 4,498. The stock’s 50 day simple moving average is $3.08 and its 200 day simple moving average is $3.15. COMPANHIA ENERG/S has a twelve month low of $2.35 and a twelve month high of $4.00.
COMPANHIA ENERG/S Company Profile
Companhia Energética de Minas Gerais SA (NYSE: CIG.C), commonly known as CEMIG, is one of Brazil’s leading integrated power companies. Headquartered in Belo Horizonte, the company traces its origins back to 1952 and has grown into a major player in electricity generation, transmission and distribution. Through its diversified portfolio of hydroelectric, thermal and renewable energy facilities, CEMIG serves both regulated and free?market customers across multiple Brazilian states.
CEMIG operates a generation fleet that includes large hydroelectric plants on the São Francisco, Jequitaí and Rio Grande river basins, as well as natural gas–fired and wind power facilities.
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