News stories about Computer Task Group, (NASDAQ:CTG) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Computer Task Group, earned a news impact score of 0.44 on Accern’s scale. Accern also gave news articles about the information technology services provider an impact score of 43 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Computer Task Group, (NASDAQ CTG) traded down 0.54% during midday trading on Tuesday, reaching $5.50. The company had a trading volume of 19,969 shares. The stock’s market capitalization is $85.32 million. Computer Task Group, has a 1-year low of $3.87 and a 1-year high of $6.33. The firm’s 50 day moving average price is $5.62 and its 200-day moving average price is $5.21.
Computer Task Group, (NASDAQ:CTG) last posted its quarterly earnings results on Thursday, April 27th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $77 million during the quarter, compared to analyst estimates of $76.91 million. Computer Task Group, had a positive return on equity of 3.90% and a negative net margin of 4.12%. The business’s revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.34) earnings per share. Equities research analysts expect that Computer Task Group, will post $0.24 EPS for the current fiscal year.
Several brokerages have weighed in on CTG. B. Riley reiterated a “buy” rating and issued a $7.00 price objective on shares of Computer Task Group, in a research report on Tuesday, April 25th. Zacks Investment Research upgraded Computer Task Group, from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a report on Thursday, February 23rd.
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Computer Task Group, Company Profile
Computer Task Group, Incorporated (CTG) is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT services to its clients. The Company has operations in North America and Europe. The Company is engaged in providing IT services, including IT Solutions, and IT and other Staffing.
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