CI&T (NYSE:CINT) Sets New 1-Year Low – Should You Sell?

CI&T Inc. (NYSE:CINT)’s share price hit a new 52-week low on Wednesday . The company traded as low as $3.82 and last traded at $3.8670, with a volume of 151016 shares traded. The stock had previously closed at $4.00.

Analysts Set New Price Targets

CINT has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Weiss Ratings upgraded shares of CI&T from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Canaccord Genuity Group upped their price objective on shares of CI&T from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. decreased 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. Finally, Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.28.

CI&T Stock Performance

The business’s 50-day simple moving average is $4.84 and its two-hundred day simple moving average is $4.72. The firm has a market cap of $520.42 million, a price-to-earnings ratio of 12.89 and a beta of 0.85. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.20.

CI&T (NYSE:CINT) last released its quarterly earnings results on Sunday, March 22nd. The company reported $0.05 earnings per share for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. The firm had revenue of $69.07 million during the quarter. As a group, sell-side analysts expect that CI&T Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CINT. Franklin Resources Inc. acquired a new position in shares of CI&T during the 3rd quarter worth about $56,000. Wedbush Securities Inc. acquired a new position in shares of CI&T during the 3rd quarter worth about $58,000. Janney Montgomery Scott LLC acquired a new position in shares of CI&T during the 1st quarter worth about $60,000. RPO LLC acquired a new position in shares of CI&T during the 4th quarter worth about $60,000. Finally, Russell Investments Group Ltd. raised its position 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 purchasing an additional 7,456 shares during the last quarter. Institutional investors and hedge funds own 92.45% of the company’s stock.

About CI&T

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.