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

CI&T Inc. (NYSE:CINT) saw unusually-strong trading volume on Tuesday . Approximately 65,431 shares traded 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.

Wall Street Analyst Weigh In

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

CI&T Stock Performance

The company has a market capitalization of $525.54 million, a price-to-earnings ratio of 17.77 and a beta of 1.04. The firm has a 50-day moving average price of $4.35 and a 200-day moving average price of $4.77. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.45.

CI&T (NYSE:CINT) last issued its earnings results on Thursday, March 14th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $105.50 million during the quarter, compared to analysts’ expectations of $107.56 million. CI&T had a return on equity of 15.96% and a net margin of 7.11%. As a group, sell-side analysts predict that CI&T Inc. will post 0.25 EPS for the current year.

Hedge Funds Weigh In On CI&T

Several institutional investors have recently bought and sold shares of CINT. BW Gestao de Investimentos Ltda. bought a new stake in shares of CI&T in the 3rd quarter worth approximately $2,568,000. Herald Investment Management Ltd bought a new stake in shares of CI&T in the 3rd quarter worth approximately $2,304,000. Finally, Russell Investments Group Ltd. lifted its position in shares of 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 during the period. 92.45% of the stock is currently owned by institutional investors.

About CI&T

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.