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

CI&T Inc (NYSE:CINT) shares saw strong trading volume on Wednesday . 52,792 shares traded hands during mid-day trading, a decline of 57% from the previous session’s volume of 123,767 shares.The stock last traded at $6.07 and had previously closed at $6.00.

Analyst Ratings Changes

CINT has been the topic of several research analyst reports. Citigroup cut their price target on CI&T from $7.00 to $5.50 and set a “neutral” rating on the stock in a research report on Monday, August 21st. Bank of America cut their target price on shares of CI&T from $7.20 to $6.00 and set a “buy” rating on the stock in a report on Monday, August 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of CI&T from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 22nd.

CI&T Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s 50-day moving average is $5.74 and its 200 day moving average is $5.26. The stock has a market cap of $805.56 million, a price-to-earnings ratio of 25.00, a P/E/G ratio of 0.75 and a beta of 1.13.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Friday, August 18th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. CI&T had a return on equity of 19.35% and a net margin of 7.29%. The business had revenue of $115.54 million during the quarter, compared to analysts’ expectations of $116.56 million. As a group, analysts predict that CI&T Inc will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CINT. BlackRock Inc. acquired a new position in shares of CI&T during the 2nd quarter worth $63,000. Sei Investments Co. purchased a new stake in shares of CI&T in the second quarter valued at about $118,000. FDx Advisors Inc. acquired a new stake in shares of CI&T in the fourth quarter valued at approximately $96,000. LPL Financial LLC purchased a new position in shares of CI&T during the 2nd quarter worth approximately $168,000. Finally, Lazard Asset Management LLC acquired a new position in shares of CI&T during the 2nd quarter worth approximately $106,000. 10.04% of the stock is currently owned by institutional investors and hedge funds.

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.