Computer Task Group, Incorporated (NASDAQ:CTG) Short Interest … – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Computer Task Group, Incorporated (NASDAQ:CTG – Get Rating) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 11,700 shares, a decrease of 23.5% from the November 30th total of 15,300 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 24,100 shares, the short-interest ratio is currently 0.5 days.
Computer Task Group Price Performance
Shares of NASDAQ CTG opened at $7.56 on Friday. The stock has a market cap of $118.77 million, a P/E ratio of 8.13, a price-to-earnings-growth ratio of 0.70 and a beta of 0.78. Computer Task Group has a 1 year low of $6.42 and a 1 year high of $10.38. The firm has a 50-day moving average of $7.40 and a 200 day moving average of $7.69.
Computer Task Group (NASDAQ:CTG – Get Rating) last released its earnings results on Tuesday, November 8th. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Computer Task Group had a net margin of 3.92% and a return on equity of 10.57%. The business had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $78.22 million. Research analysts expect that Computer Task Group will post 0.53 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on Computer Task Group in a research note on Sunday, November 27th. They issued a “buy” rating for the company.
Institutional Investors Weigh In On Computer Task Group
Hedge funds have recently added to or reduced their stakes in the stock. Ritholtz Wealth Management bought a new position in shares of Computer Task Group in the second quarter worth approximately $100,000. Bailard Inc. purchased a new stake in Computer Task Group during the 2nd quarter valued at $146,000. Kovack Advisors Inc. boosted its stake in Computer Task Group by 213.2% during the 3rd quarter. Kovack Advisors Inc. now owns 25,800 shares of the information technology services provider’s stock valued at $173,000 after purchasing an additional 48,600 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Computer Task Group by 69.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 31,232 shares of the information technology services provider’s stock worth $267,000 after purchasing an additional 12,820 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Computer Task Group by 2.8% during the first quarter. State Street Corp now owns 58,271 shares of the information technology services provider’s stock valued at $569,000 after purchasing an additional 1,586 shares in the last quarter. 50.65% of the stock is owned by institutional investors.
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.
Recommended Stories
- Get a free copy of the StockNews.com research report on Computer Task Group (CTG)
- MarketBeat: Week in Review 12/26 – 12/30
- The Dogs Of Tech: It’s Time For A Bite Of These Stocks
- Does This Acquisition Make Microsoft a Bear Market Buy?
- Is Kintara Therapeutics A Hidden Gem?
- Should You Warm up to Generac Stock for the Winter?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Computer Task Group, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Computer Task Group wasn’t on the list.
While Computer Task Group currently has a “hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Enter your email address below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
contact@marketbeat.com
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.