Undervalued CEMIG (NYSE: CIG) Surges, Positive EPS, Dividend Paying Stock

Very surprising to see a penny stock with huge revenue, gross profit, net profit, and growing capitalization. Last week, electric power provider CEMIG NYSE: CIG didn’t grow significantly. However, the undervalued power company may face triumphal growth this week as many short-term focused investors seek to make fortunes from penny stocks.

Only $0.10 rise occurs today since this morning while its daily trading volume can’t surpass the average volume. There is plenty of time to surge this week when investors look for a stock with a healthy financial statement.

Positive EPS, Revenue, Gross Profit, Net Income

12 months based EPS is firmly standing at $0.2130 but Q1 2020 revenue slightly fell due to the COVID-19 crisis. Hence, gross profit and net income decreased a bit too. Power consumption never stops, even during the lockdown but massive consumers like factories and plants could cease consuming the electricity.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life