Computer Task Group (NASDAQ:CTG) Receiving Favorable Press Coverage, Study Finds

News coverage about Computer Task Group (NASDAQ:CTG) has trended positive on Tuesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Computer Task Group earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the information technology services provider an impact score of 45.6874842071292 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

CTG has been the topic of several research reports. B. Riley set a $9.00 price target on Computer Task Group and gave the stock a “buy” rating in a report on Monday, October 23rd. Zacks Investment Research upgraded Computer Task Group from a “sell” rating to a “hold” rating in a report on Thursday, January 4th. Finally, TheStreet raised Computer Task Group from a “d+” rating to a “c” rating in a research note on Tuesday, October 24th.

Shares of Computer Task Group (NASDAQ CTG) traded down $0.02 on Tuesday, reaching $5.11. The company’s stock had a trading volume of 31,100 shares, compared to its average volume of 36,944. Computer Task Group has a 12-month low of $4.30 and a 12-month high of $6.33. The firm has a market capitalization of $79.16, a price-to-earnings ratio of 34.07, a PEG ratio of 1.89 and a beta of 1.23.

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 Thomson Reuters’ consensus estimate of $0.06 by ($0.01). Computer Task Group had a net margin of 0.78% and a return on equity of 4.50%. The business had revenue of $74.04 million during the quarter, compared to analyst estimates of $75.80 million. During the same period last year, the firm posted $0.04 earnings per share. Computer Task Group’s quarterly revenue was down 5.2% compared to the same quarter last year. sell-side analysts anticipate that Computer Task Group will post 0.22 earnings per share for the current fiscal year.

Computer Task Group declared that its Board of Directors has authorized a share repurchase 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. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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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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