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
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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