News coverage about Computer Task Group (NASDAQ:CTG) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Computer Task Group earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news stories about the information technology services provider an impact score of 45.2390155038219 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Computer Task Group (CTG) traded down $0.08 during midday trading on Friday, hitting $5.14. The stock had a trading volume of 15,098 shares, compared to its average volume of 37,080. Computer Task Group has a fifty-two week low of $4.14 and a fifty-two week high of $6.33. The stock has a market cap of $79.63, a price-to-earnings ratio of 22.35, a PEG ratio of 2.34 and a beta of 1.23.

Computer Task Group (NASDAQ:CTG) last posted its quarterly earnings results on Tuesday, October 24th. The information technology services provider reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company 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 was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. equities analysts predict that Computer Task Group will post 0.22 earnings per share for the current year.

Computer Task Group announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 24th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the information technology services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Several research analysts have recently commented on CTG shares. 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. TheStreet upgraded Computer Task Group from a “d+” rating to a “c” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research lowered Computer Task Group from a “hold” rating to a “sell” rating in a report on Friday, October 27th.

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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.

Insider Buying and Selling by Quarter for Computer Task Group (NASDAQ:CTG)

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