CI&T Inc (NYSE:CINT – Get Rating) shares rose 7.3% on Friday . The stock traded as high as $7.89 and last traded at $7.89. Approximately 16 shares traded hands during trading, a decline of 100% from the average daily volume of 33,392 shares. The stock had previously closed at $7.35.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. lowered shares of CI&T from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $10.00 to $9.00 in a research note on Thursday, December 15th.
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CI&T Stock Up 5.3 %
The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.46. The firm's 50-day simple moving average is $7.20 and its 200 day simple moving average is $9.20.
CI&T (NYSE:CINT – Get Rating) last posted its earnings results on Thursday, November 17th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The firm had revenue of $106.72 million during the quarter, compared to the consensus estimate of $107.26 million. As a group, equities analysts expect that CI&T Inc will post 0.28 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of CINT. Verdence Capital Advisors LLC bought a new position in shares of CI&T in the third quarter valued at approximately $95,000. Brinker Capital Investments LLC bought a new position in shares of CI&T in the second quarter valued at approximately $108,000. Sei Investments Co. bought a new position in shares of CI&T in the second quarter valued at approximately $118,000. LPL Financial LLC bought a new position in shares of CI&T in the second quarter valued at approximately $168,000. Finally, Citadel Advisors LLC bought a new position in shares of CI&T in the second quarter valued at approximately $192,000. Institutional investors own 9.36% of the company's stock.
About CI&T
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CI&T Inc, together with its subsidiaries, provides strategy, design, and software engineering services to enable digital transformation for enterprises worldwide. It develops customizable software through the implementation of software solutions, including machine learning, artificial intelligence, analytics, and cloud and mobility technologies.
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