CI&T (NYSE:CINT) Sees Strong Trading Volume

CI&T Inc (NYSE:CINTGet Free Report) saw unusually-high trading volume on Friday . Approximately 354,959 shares were traded during trading, an increase of 185% from the previous session’s volume of 124,563 shares.The stock last traded at $4.80 and had previously closed at $4.77.

Analyst Ratings Changes

CINT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of CI&T from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Tuesday, August 22nd. Bank of America cut their price objective on shares of CI&T from $7.20 to $6.00 and set a “buy” rating for the company in a report on Monday, August 21st. Finally, Citigroup cut their price objective on shares of CI&T from $7.00 to $5.50 and set a “neutral” rating for the company in a report on Monday, August 21st.

Get Our Latest Research Report on CINT

CI&T Stock Up 1.7 %

The company has a current ratio of 1.67, a quick ratio of 1.52 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $648.98 million, a P/E ratio of 20.21, a P/E/G ratio of 0.60 and a beta of 1.12. The business has a 50-day moving average price of $5.91 and a 200 day moving average price of $5.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in CI&T in the second quarter worth $63,000. Sei Investments Co. bought a new stake in CI&T in the second quarter worth $118,000. FDx Advisors Inc. bought a new stake in CI&T in the fourth quarter worth $96,000. LPL Financial LLC bought a new stake in CI&T in the second quarter worth $168,000. Finally, Lazard Asset Management LLC bought a new stake in CI&T in the second quarter worth $106,000. 10.17% of the stock is currently owned by institutional investors.

About CI&T

(Get Free Report)

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.

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