Computer Task Group (NASDAQ:CTG) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Computer Task Group (NASDAQ:CTG) in a research report report published on Monday. The firm issued a hold rating on the information technology services provider’s stock.

Separately, TheStreet downgraded shares of Computer Task Group from a b- rating to a c+ rating in a research report on Friday, June 2nd.

Computer Task Group Stock Performance

Shares of Computer Task Group stock opened at $10.34 on Monday. The firm has a 50-day simple moving average of $9.20 and a two-hundred day simple moving average of $7.85. The company has a market cap of $165.96 million, a P/E ratio of 64.63, a price-to-earnings-growth ratio of 0.99 and a beta of 0.90. Computer Task Group has a fifty-two week low of $6.05 and a fifty-two week high of $10.36.

Computer Task Group (NASDAQ:CTG) last issued its quarterly earnings data on Wednesday, August 9th. The information technology services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01). The firm had revenue of $74.59 million during the quarter, compared to analyst estimates of $78.70 million. Computer Task Group had a return on equity of 6.68% and a net margin of 0.82%. Equities research analysts forecast that Computer Task Group will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Computer Task Group

Several large investors have recently made changes to their positions in CTG. J.W. Cole Advisors Inc. acquired a new position in shares of Computer Task Group in the 2nd quarter worth approximately $85,000. Royal Bank of Canada lifted its holdings in shares of Computer Task Group by 42.3% in the 2nd quarter. Royal Bank of Canada now owns 18,515 shares of the information technology services provider’s stock worth $140,000 after acquiring an additional 5,503 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Computer Task Group by 16.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 21,180 shares of the information technology services provider’s stock worth $154,000 after acquiring an additional 2,953 shares during the last quarter. EA Series Trust acquired a new stake in Computer Task Group during the 2nd quarter worth approximately $158,000. Finally, Kovack Advisors Inc. acquired a new stake in Computer Task Group during the 1st quarter worth approximately $164,000. 49.45% of the stock is currently owned by institutional investors and hedge funds.

Computer Task Group Company Profile

Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology-related services in North America and Europe. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services. The company offers business process transformation solutions, including advisory, data strategy, digital workplace, enterprise platforms, information disclosure, and regulatory and compliance services; technology transformation solutions, such as application development, automation, cloud, data management, enterprise platform implementation, and testing services; and operations transformation solutions comprising application support, IT operations support, cloud, and infrastructure.