Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Computer Task Group (CTG) Share Price
Media coverage about Computer Task Group (NASDAQ:CTG) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Computer Task Group earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 45.4527756915092 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Separately, B. Riley reissued a “buy” rating and set a $8.50 price target on shares of Computer Task Group in a research report on Friday, July 28th.
Shares of Computer Task Group (NASDAQ CTG) traded up 0.94% on Friday, reaching $5.36. 31,442 shares of the company were exchanged. The company’s 50-day moving average is $5.23 and its 200-day moving average is $5.54. Computer Task Group has a 52 week low of $3.87 and a 52 week high of $6.33. The company’s market capitalization is $84.15 million.
Computer Task Group (NASDAQ:CTG) last posted its quarterly earnings results on Tuesday, July 25th. The information technology services provider reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Computer Task Group had a net margin of 0.57% and a return on equity of 2.22%. The firm had revenue of $75.50 million for the quarter, compared to analysts’ expectations of $78.05 million. During the same period in the prior year, the business posted $0.05 earnings per share. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities analysts expect that Computer Task Group will post $0.24 EPS for the current fiscal year.
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Computer Task Group Company Profile
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.
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