CI&T (NYSE:CINT) Sees Unusually-High Trading Volume

CI&T Inc. (NYSE:CINT) saw an uptick in trading volume on Tuesday . 65,431 shares changed hands during 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 Analysts Forecast Growth

Several brokerages recently commented on CINT. Canaccord Genuity Group boosted their price target on CI&T from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, March 18th. Citigroup dropped their target price on CI&T from $4.50 to $4.25 and set a “neutral” rating for the company in a report on Monday. Finally, Morgan Stanley restated an “equal weight” rating and issued a $5.50 target price (down from $6.00) on shares of CI&T in a report 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 company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.38.

CI&T Trading Down 0.5 %

The company has a 50 day moving average of $4.36 and a 200-day moving average of $4.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.00 and a current ratio of 2.00. The stock has a market cap of $536.30 million, a price-to-earnings ratio of 18.05 and a beta of 1.04.

CI&T (NYSE:CINT) last posted its earnings results on Thursday, March 14th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. CI&T had a return on equity of 15.96% and a net margin of 7.11%. The firm had revenue of $105.50 million for the quarter, compared to analyst estimates of $107.56 million. On average, research analysts anticipate that CI&T Inc. will post 0.25 earnings per share for the current year.

Hedge Funds Weigh In On CI&T

Several hedge funds have recently bought and sold shares of CINT. Russell Investments Group Ltd. lifted its stake in CI&T by 4.6% during 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. Herald Investment Management Ltd acquired a new stake in CI&T in the 3rd quarter valued at about $2,304,000. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in CI&T in the 3rd quarter valued at about $2,568,000. Institutional investors and hedge funds own 92.45% of the company’s stock.

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.