CI&T (NYSE:CINT) Trading Down 6.4%

CI&T Inc. (NYSE:CINT)’s stock price traded down 6.4% during mid-day trading on Monday . The company traded as low as $4.35 and last traded at $4.40. 56,739 shares traded hands during trading, a decline of 45% from the average session volume of 103,299 shares. The stock had previously closed at $4.70.

Analyst Ratings Changes

CINT has been the topic of a number of recent research reports. Canaccord Genuity Group upped their price objective on shares of CI&T from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Monday, March 18th. Morgan Stanley restated an “equal weight” rating and issued a $5.50 price target (down previously from $6.00) on shares of CI&T in a research note on Friday, January 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.58.

CI&T Stock Performance

The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average price of $4.38 and a 200 day moving average price of $4.84. The stock has a market cap of $543.02 million, a PE ratio of 18.36 and a beta of 1.04.

CI&T (NYSE:CINT) last issued 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 net margin of 7.11% and a return on equity of 15.96%. The company had revenue of $105.50 million for the quarter, compared to analysts’ expectations of $107.56 million. As a group, research analysts forecast that CI&T Inc. will post 0.25 earnings per share for the current year.

Institutional Trading of CI&T

Several hedge funds and other institutional investors have recently bought and sold shares of CINT. Stifel Financial Corp purchased a new stake in shares of CI&T during the 4th quarter worth $53,000. BlackRock Inc. purchased a new stake in shares of CI&T during the second quarter valued at about $63,000. Virtu Financial LLC bought a new stake in shares of CI&T in the 4th quarter valued at about $70,000. Lazard Asset Management LLC bought a new stake in shares of CI&T in the 2nd quarter valued at about $106,000. Finally, Sei Investments Co. purchased a new position in shares of CI&T in the 2nd quarter worth approximately $118,000. Institutional investors own 92.45% of the company’s stock.

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.