Somewhat Positive News Coverage Somewhat Unlikely to Affect Computer Task Group (NASDAQ:CTG) Share Price

News headlines about Computer Task Group (NASDAQ:CTG) have trended somewhat positive on Wednesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Computer Task Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the information technology services provider an impact score of 44.7192356367957 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

NASDAQ:CTG opened at $7.23 on Wednesday. Computer Task Group has a 52 week low of $4.90 and a 52 week high of $9.62. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $104.07 million, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 1.35 and a beta of 0.46.

Computer Task Group (NASDAQ:CTG) last released its earnings results on Thursday, April 19th. The information technology services provider reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $82.79 million during the quarter, compared to analysts’ expectations of $79.47 million. Computer Task Group had a return on equity of 4.36% and a net margin of 0.16%. research analysts predict that Computer Task Group will post 0.36 EPS for the current fiscal year.

Computer Task Group declared that its board has initiated a stock buyback program on Thursday, February 15th that allows the company to buyback 1,000% of shares. This buyback authorization allows the information technology services provider to purchase shares of its stock through a dutch auction. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

CTG has been the subject of a number of research analyst reports. ValuEngine cut Computer Task Group from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Zacks Investment Research lowered Computer Task Group from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, Barrington Research reissued a “hold” rating on shares of Computer Task Group in a report on Friday, April 20th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.13.

In other Computer Task Group news, insider Filip J. L. Gyde sold 40,000 shares of the stock in a transaction on Monday, March 19th. The stock was sold at an average price of $8.30, for a total transaction of $332,000.00. Following the sale, the insider now owns 152,975 shares in the company, valued at approximately $1,269,692.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Filip J. L. Gyde sold 30,798 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $8.33, for a total value of $256,547.34. Following the transaction, the senior vice president now directly owns 152,975 shares in the company, valued at approximately $1,274,281.75. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by insiders.

About Computer Task Group

Computer Task Group, Incorporated, together with its subsidiaries, operates as an information technology solutions and staffing services company in North America, Europe, and India. Its IT solutions include the implementation and optimization of packaged software applications; development and deployment of customized software and solutions designed to fit the needs of a specific client or market; and design and distribution of complex technology components, as well as offers consulting services.

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

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