CI&T Inc (NYSE:CINT – Get Ranking) was the goal of a giant drop in brief curiosity within the month of December. As of December fifteenth, there was brief curiosity totalling 192,800 shares, a drop of 18.5% from the November thirtieth whole of 236,600 shares. Based mostly on a median day by day quantity of 45,300 shares, the days-to-cover ratio is presently 4.3 days. Roughly 1.0% of the shares of the corporate are bought brief.
CI&T Inventory Down 0.8 %
CI&T inventory traded down $0.05 throughout buying and selling on Monday, reaching $6.50. The corporate had a buying and selling quantity of 239 shares, in comparison with its common quantity of 87,315. The agency’s 50-day easy transferring common is $7.25 and its 200 day easy transferring common is $9.29. CI&T has a 1-year low of $5.22 and a 1-year excessive of $19.08. The corporate has a debt-to-equity ratio of 0.46, a present ratio of 1.46 and a fast ratio of 1.46.
CI&T (NYSE:CINT – Get Ranking) final launched its quarterly earnings outcomes on Thursday, November seventeenth. The corporate reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The corporate had income of $106.72 million throughout the quarter, in comparison with analyst estimates of $107.26 million. Promote-side analysts forecast that CI&T will submit 0.28 EPS for the present 12 months.
Institutional Inflows and Outflows
Hedge funds and different institutional traders have just lately added to or lowered their stakes within the firm. Verdence Capital Advisors LLC bought a brand new place in CI&T within the third quarter valued at $95,000. Brinker Capital Investments LLC bought a brand new place in CI&T within the 2nd quarter valued at $108,000. Sei Investments Co. bought a brand new place in CI&T within the 2nd quarter valued at $118,000. LPL Monetary LLC bought a brand new place in CI&T within the 2nd quarter valued at $168,000. Lastly, Citadel Advisors LLC bought a brand new place in CI&T within the 2nd quarter valued at $192,000. Hedge funds and different institutional traders personal 9.36% of the corporate’s inventory.
Wall Road Analyst Weigh In
Individually, JPMorgan Chase & Co. lower shares of CI&T from an “chubby” score to a “impartial” score and dropped their worth goal for the inventory from $10.00 to $9.00 in a analysis be aware on Thursday, December fifteenth.
CI&T Firm Profile
CI&T Inc, along with its subsidiaries, supplies technique, design, and software program engineering companies to allow digital transformation for enterprises worldwide. It develops customizable software program via the implementation of software program options, together with machine studying, synthetic intelligence, analytics, and cloud and mobility applied sciences.
Additional Studying
This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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