CI&T (NYSE:CINT) Shares Gap Down to $11.55

CI&T Inc. (NYSE:CINTGet Rating) shares gapped down prior to trading on Tuesday . The stock had previously closed at $11.55, but opened at $11.03. CI&T shares last traded at $11.05, with a volume of 200 shares trading hands.

The stock has a fifty day moving average of $14.61 and a 200-day moving average of $14.30. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.63.

Several hedge funds have recently bought and sold shares of the company. Capital World Investors acquired a new stake in shares of CI&T in the fourth quarter valued at approximately $23,780,000. Grandeur Peak Global Advisors LLC lifted its holdings in shares of CI&T by 3.4% during the first quarter. Grandeur Peak Global Advisors LLC now owns 1,497,215 shares of the company’s stock worth $23,985,000 after purchasing an additional 48,985 shares during the period. Marshall Wace LLP acquired a new stake in shares of CI&T during the fourth quarter worth $5,125,000. Mondrian Investment Partners LTD lifted its holdings in shares of CI&T by 669.5% during the first quarter. Mondrian Investment Partners LTD now owns 305,903 shares of the company’s stock worth $4,901,000 after purchasing an additional 266,150 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of CI&T by 197.2% during the first quarter. Bank of America Corp DE now owns 229,350 shares of the company’s stock worth $3,674,000 after purchasing an additional 152,168 shares during the period. 10.11% of the stock is owned by institutional investors and hedge funds.

About CI&T (NYSE:CINT)

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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