Somewhat Critical News Coverage Somewhat Unlikely to Affect Computer Task Group, (CTG) Stock Price

Press coverage about Computer Task Group, (NASDAQ:CTG) has been trending somewhat negative this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Computer Task Group, earned a media sentiment score of -0.06 on Accern’s scale. Accern also gave news stories about the information technology services provider an impact score of 47.4895085959585 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several analysts recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $8.75 price objective on shares of Computer Task Group, in a report on Thursday, July 20th. TheStreet upgraded shares of Computer Task Group, from a “d+” rating to a “c” rating in a research note on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Computer Task Group, from a “hold” rating to a “sell” rating in a research note on Friday, October 27th.

Shares of Computer Task Group, (NASDAQ CTG) opened at $5.05 on Tuesday. The stock has a market cap of $77.77, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.28 and a beta of 1.22. Computer Task Group, has a one year low of $4.00 and a one year high of $6.33.

Computer Task Group, (NASDAQ:CTG) last issued its quarterly earnings results on Tuesday, October 24th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). The business had revenue of $74.04 million for the quarter, compared to analysts’ expectations of $75.80 million. Computer Task Group, had a return on equity of 4.50% and a net margin of 0.78%. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share. analysts expect that Computer Task Group, will post 0.22 EPS for the current fiscal year.

Computer Task Group, announced that its board has authorized a share buyback program on Tuesday, October 24th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the information technology services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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About Computer Task Group,

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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