CI&T (NYSE:CINT) Reaches New 1-Year Low – Here’s Why

CI&T Inc. (NYSE:CINT)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $3.98 and last traded at $4.0340, with a volume of 15806 shares trading hands. The stock had previously closed at $4.05.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of CI&T from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Canaccord Genuity Group raised their price target on shares of CI&T from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. UBS Group upped their price objective on shares of CI&T from $7.00 to $7.10 and gave the stock a “buy” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of CI&T from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Finally, Wedbush started coverage on shares of CI&T in a research report on Thursday, April 9th. They set an “outperform” rating and a $9.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.28.

CI&T Trading Up 4.8%

The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 0.20. The firm has a market cap of $568.60 million, a P/E ratio of 14.08 and a beta of 0.85. The firm’s 50-day simple moving average is $4.86 and its 200 day simple moving average is $4.71.

CI&T (NYSE:CINT) last posted its quarterly earnings results on Sunday, March 22nd. The company reported $0.05 EPS for the quarter. The firm had revenue of $69.07 million for the quarter. CI&T had a net margin of 8.30% and a return on equity of 13.46%. As a group, analysts expect that CI&T Inc. will post 0.39 earnings per share for the current year.

Institutional Trading of CI&T

Institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. bought a new stake in CI&T in the 3rd quarter worth about $56,000. Wedbush Securities Inc. purchased a new stake in shares of CI&T during the 3rd quarter valued at about $58,000. Russell Investments Group Ltd. grew its stake in shares of CI&T by 176.3% in the second quarter. Russell Investments Group Ltd. now owns 11,684 shares of the company’s stock worth $67,000 after acquiring an additional 7,456 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of CI&T in the first quarter worth approximately $60,000. Finally, Centiva Capital LP purchased a new position in shares of CI&T during the third quarter valued at approximately $72,000. Institutional investors own 92.45% of the company’s stock.

About CI&T

CI&T Inc (NYSE:CINT) is a global digital solutions and technology services provider specializing in end-to-end digital transformation. The company partners with clients across industries such as financial services, retail, healthcare and technology to deliver tailored software products, agile development practices and customer-centric design. Its core offerings include digital strategy consulting, user experience and interface design, cloud-native application development, data engineering and full-cycle product lifecycle management.

Leveraging a proprietary agile framework, CI&T helps organizations accelerate time-to-market and improve operational efficiency through continuous delivery and DevOps automation.