Shares of CI&T Inc (NYSE:CINT – Get Rating) rose 4.7% during trading on Thursday . The company traded as high as $7.94 and last traded at $7.94. Approximately 111 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 29,621 shares. The stock had previously closed at $7.58.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. lowered shares of CI&T from an "overweight" rating to a "neutral" rating and cut their target price for the company from $10.00 to $9.00 in a research note on Thursday, December 15th.
Get CI&T alerts:CI&T Trading Down 0.3 %
The business's 50 day moving average price is $7.18 and its 200-day moving average price is $9.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.46 and a quick ratio of 1.46.
CI&T (NYSE:CINT – Get Rating) last issued its earnings results on Thursday, November 17th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The company had revenue of $106.72 million during the quarter, compared to analyst estimates of $107.26 million. Sell-side analysts forecast that CI&T Inc will post 0.28 earnings per share for the current year.Institutional Investors Weigh In On CI&T
Institutional investors have recently modified their holdings of the business. Verdence Capital Advisors LLC bought a new stake in shares of CI&T during the 3rd quarter valued at about $95,000. Brinker Capital Investments LLC bought a new position in CI&T in the 2nd quarter worth about $108,000. Sei Investments Co. bought a new position in CI&T in the 2nd quarter worth about $118,000. LPL Financial LLC bought a new position in CI&T in the 2nd quarter worth about $168,000. Finally, Citadel Advisors LLC bought a new position in CI&T in the 2nd quarter worth about $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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