Computer Task Group (NASDAQ:CTG) Coverage Initiated by Analysts at StockNews.com – MarketBeat
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Stock analysts at StockNews.com assumed coverage on shares of Computer Task Group (NASDAQ:CTG – Get Rating) in a note issued to investors on Friday. The firm set a “buy” rating on the information technology services provider’s stock.
Computer Task Group Trading Down 4.3 %
Shares of CTG opened at $7.54 on Friday. Computer Task Group has a 1 year low of $6.42 and a 1 year high of $10.38. The stock has a 50 day simple moving average of $7.23 and a 200-day simple moving average of $8.09. The stock has a market cap of $117.01 million, a PE ratio of 8.11, a PEG ratio of 0.67 and a beta of 0.80.
Institutional Investors Weigh In On Computer Task Group
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lewis Capital Management LLC boosted its position in shares of Computer Task Group by 3.5% in the 2nd quarter. Lewis Capital Management LLC now owns 376,952 shares of the information technology services provider’s stock worth $3,227,000 after purchasing an additional 12,616 shares during the last quarter. Bailard Inc. bought a new position in shares of Computer Task Group in the 2nd quarter worth $146,000. Ritholtz Wealth Management bought a new position in shares of Computer Task Group in the 2nd quarter worth $100,000. Royce & Associates LP boosted its position in shares of Computer Task Group by 0.7% in the 1st quarter. Royce & Associates LP now owns 1,152,236 shares of the information technology services provider’s stock worth $11,257,000 after purchasing an additional 8,327 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Computer Task Group by 27.3% in the 1st quarter. Vanguard Group Inc. now owns 846,388 shares of the information technology services provider’s stock worth $8,269,000 after purchasing an additional 181,316 shares during the last quarter. 51.36% of the stock is owned by institutional investors and hedge funds.
Computer Task Group Company Profile
(Get Rating)
Computer Task Group, Incorporated, together with its subsidiaries, offers information and technology services in North America, South America, Western Europe, and India. It operates through three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.
Further Reading
- Get a free copy of the StockNews.com research report on Computer Task Group (CTG)
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