CI&T (NYSE:CINT) Shares Gap Up to $7.63

CI&T Inc (NYSE:CINTGet Rating) gapped up before the market opened on Thursday . The stock had previously closed at $7.63, but opened at $8.18. CI&T shares last traded at $8.18, with a volume of 2 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut shares of CI&T from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $10.00 to $9.00 in a research note on Thursday, December 15th.

CI&T Stock Up 1.3 %

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 two-hundred day simple moving average is $9.11.

CI&T (NYSE:CINTGet Rating) last issued its quarterly earnings data on Thursday, November 17th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The business had revenue of $106.72 million during the quarter, compared to analyst estimates of $107.26 million. As a group, equities research analysts expect that CI&T Inc will post 0.28 EPS for the current fiscal year.

Institutional Trading of CI&T

Hedge funds and other institutional investors have recently bought and sold shares of the business. Verdence Capital Advisors LLC acquired a new stake in CI&T in the 3rd quarter worth about $95,000. Brinker Capital Investments LLC bought a new position in CI&T in the 2nd quarter valued at about $108,000. Sei Investments Co. bought a new position in CI&T in the 2nd quarter valued at about $118,000. LPL Financial LLC bought a new position in CI&T in the 2nd quarter valued at about $168,000. Finally, Citadel Advisors LLC bought a new position in CI&T in the 2nd quarter valued at about $192,000. Institutional investors and hedge funds own 9.36% of the company’s stock.

About CI&T

(Get Rating)

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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