Computer Task Group, Inc. (NASDAQ:CTG) traded up 16.4% during mid-day trading on Tuesday . The stock traded as high as $6.48 and last traded at $6.11, 349,741 shares changed hands during trading. An increase of 530% from the average session volume of 55,538 shares. The stock had previously closed at $5.25.
A number of analysts have commented on the stock. ValuEngine downgraded shares of Computer Task Group from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut Computer Task Group from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $7.00.
The company has a debt-to-equity ratio of 0.26, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a 50 day simple moving average of $5.43 and a two-hundred day simple moving average of $4.94. The company has a market cap of $77.32 million, a price-to-earnings ratio of 25.46 and a beta of 0.48.
Computer Task Group (NASDAQ:CTG) last issued its earnings results on Tuesday, October 22nd. The information technology services provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Computer Task Group had a positive return on equity of 6.29% and a negative net margin of 0.72%. The business had revenue of $97.20 million during the quarter, compared to the consensus estimate of $98.50 million. As a group, research analysts forecast that Computer Task Group, Inc. will post 0.36 EPS for the current year.
A number of large investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new stake in shares of Computer Task Group in the 2nd quarter valued at approximately $56,000. Gamco Investors INC. ET AL acquired a new stake in shares of Computer Task Group during the 3rd quarter worth approximately $97,000. Gabelli Funds LLC raised its position in shares of Computer Task Group by 44.2% during the 3rd quarter. Gabelli Funds LLC now owns 36,041 shares of the information technology services provider’s stock valued at $180,000 after buying an additional 11,041 shares during the period. BlackRock Inc. raised its position in shares of Computer Task Group by 12.1% during the 2nd quarter. BlackRock Inc. now owns 432,770 shares of the information technology services provider’s stock valued at $1,735,000 after buying an additional 46,866 shares during the period. Finally, Granahan Investment Management Inc. MA lifted its holdings in Computer Task Group by 1.8% in the third quarter. Granahan Investment Management Inc. MA now owns 571,961 shares of the information technology services provider’s stock valued at $2,860,000 after acquiring an additional 10,062 shares during the last quarter. Institutional investors own 46.89% of the company’s stock.
Computer Task Group Company Profile (NASDAQ:CTG)
Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services company in North America, Europe, and India. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services.
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