Computer Task Group, Incorporated (NASDAQ:CTG – Get Rating) saw its short-selling rate fall sharply in December. As of December 15, short sales totaled 11,700 shares, down 23.5% from the November 30 total of 15,300 shares. Currently, his 0.1% of the company’s shares are sold short. Based on an average trading volume of 24,100 shares, the current short-term interest rate is 0.5 days.
Computer task group price performance
NASDAQ CTG shares opened Friday at $7.56. The stock has a market cap of $118.77 million, a P/E ratio of 8.13, a P/E ratio of 0.70, and a beta of 0.78. The Computer Task Group has a one-year low of $6.42 and a one-year high of $10.38. The company 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) announced its final results on Tuesday, November 8th. The information technology service provider reported that earnings per share (EPS) for the quarter he was $0.11, but well below consensus expectations of $0.12 ($0.01). Computer Task Group had a net profit margin of 3.92% and a return on equity of 10.57%. The business generated $75 million in revenue for the quarter, compared to analyst estimates of $78.22 million. Research analysts expect Computer Task Group’s earnings per share to be 0.53 this year.
Analyst Rating Change
Separately, StockNews.com began covering the Computer Task Group in a research note on Sunday, November 27th. They gave the company a “buy” rating.
Institutional Investors Participate in Computer Task Group
Hedge funds have recently increased or decreased their equity stakes. Ritholtz Wealth Management purchased new Computer Task Group stock worth approximately $100,000 in the second quarter. Bailard Inc. In the second quarter he bought new shares of Computer Task Group worth $146,000. Kovack Advisors Inc. increased its stake in Computer Task Group by 213.2% in the third quarter. Kovack Advisors Inc. now owns 25,800 shares of the information technology services provider worth $173,000 after purchasing an additional 48,600 of his shares during the previous quarter. O Shaughnessy Asset Management LLC increased its stake in Computer Task Group by 69.6% in the second quarter. O Shaughnessy Asset Management LLC owns 31,232 shares of an information technology services provider worth $267,000 after purchasing an additional 12,820 shares during the previous quarter. Finally, State Street Corp held a 2.8% stake in Computer Task Group in the first quarter. State Street Corp owns 58,271 shares of an information technology service provider worth $569,000 after purchasing an additional 1,586 shares last quarter. 50.65% of the shares are owned by institutional investors.
Computer Task Group Company Profile
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Computer Task Group, Incorporated, along with its subsidiaries, provides information and technology services in North America, South America, Western Europe and India. He operates in three segments: North America IT Solutions and Services, Europe IT Solutions and Services, and Non-Strategic Technology Services.
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