CI&T (NYSE:CINT) Sees Large Volume Increase

Shares of CI&T Inc. (NYSE:CINT) saw strong trading volume on Tuesday . 65,431 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 104,620 shares.The stock last traded at $3.87 and had previously closed at $4.01.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup dropped their price target on shares of CI&T from $4.50 to $4.25 and set a “neutral” rating on the stock in a research note on Monday. Canaccord Genuity Group upped their price target on shares of CI&T from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Monday, March 18th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $5.50 price target (down previously from $6.00) on shares of CI&T in a research note on Friday, January 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.38.

CI&T Stock Down 0.5 %

The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45. The firm has a market cap of $536.30 million, a P/E ratio of 18.05 and a beta of 1.04. The company’s 50 day simple moving average is $4.36 and its 200-day simple moving average is $4.78.

CI&T (NYSE:CINT) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a net margin of 7.11% and a return on equity of 15.96%. The firm had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $107.56 million. Research analysts forecast that CI&T Inc. will post 0.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CI&T

Several institutional investors have recently made changes to their positions in CINT. BW Gestao de Investimentos Ltda. bought a new position in shares of CI&T in the 3rd quarter worth approximately $2,568,000. Herald Investment Management Ltd purchased a new stake in CI&T in the 3rd quarter worth approximately $2,304,000. Finally, Russell Investments Group Ltd. increased its holdings in CI&T by 4.6% in the 4th quarter. Russell Investments Group Ltd. now owns 160,083 shares of the company’s stock worth $842,000 after acquiring an additional 7,047 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

CI&T Company Profile

CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises and companies worldwide. It is also involved in the development of customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, cloud migration, and mobility technologies.