CI&T (NYSE:CINT) Sees Large Volume Increase – Here’s What Happened
by Amy Steele · The Cerbat GemShares of CI&T Inc. (NYSE:CINT – Get Free Report) saw strong trading volume on Wednesday . 91,100 shares were traded during trading, a decline of 35% from the previous session’s volume of 140,590 shares.The stock last traded at $4.0060 and had previously closed at $4.06.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on CINT. JPMorgan Chase & Co. cut their price objective on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. UBS Group upped their price objective on shares of CI&T from $7.10 to $7.20 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of CI&T from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Wedbush cut their price objective on shares of CI&T from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Finally, Wall Street Zen lowered shares of CI&T from a “buy” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CI&T has an average rating of “Moderate Buy” and an average target price of $6.80.
Get Our Latest Analysis on CINT
CI&T Price Performance
The stock’s 50-day moving average price is $4.07 and its 200 day moving average price is $4.56. The firm has a market cap of $544.24 million, a price-to-earnings ratio of 13.05 and a beta of 0.80. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.18.
CI&T (NYSE:CINT – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $136.61 million for the quarter, compared to the consensus estimate of $133.28 million. CI&T had a return on equity of 13.19% and a net margin of 7.90%. Equities research analysts predict that CI&T Inc. will post 0.36 earnings per share for the current year.
Hedge Funds Weigh In On CI&T
Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. bought a new position in shares of CI&T during the 3rd quarter worth about $56,000. Wedbush Securities Inc. bought a new position in shares of CI&T during the 3rd quarter worth about $58,000. Russell Investments Group Ltd. lifted its holdings in shares of CI&T by 176.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after acquiring an additional 7,456 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of CI&T during the 1st quarter worth about $60,000. Finally, Centiva Capital LP bought a new position in shares of CI&T during the 3rd quarter worth about $72,000. 92.45% of the stock is owned by institutional investors.
CI&T Company Profile
CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.
Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.