Computer Task Group (CTG) Receiving Somewhat Favorable Press Coverage, Analysis Finds
News headlines about Computer Task Group (NASDAQ:CTG) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Computer Task Group earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 46.8684634744626 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research firms have recently issued reports on CTG. ValuEngine upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 19th. Barrington Research reiterated a “hold” rating on shares of Computer Task Group in a research note on Friday, April 20th. Finally, Zacks Investment Research cut shares of Computer Task Group from a “buy” rating to a “hold” rating in a research note on Tuesday, April 24th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Computer Task Group has a consensus rating of “Buy” and a consensus target price of $9.00.
Shares of NASDAQ:CTG traded up $0.20 during trading on Friday, reaching $5.95. The stock had a trading volume of 89,300 shares, compared to its average volume of 72,725. 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 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $83.36 million, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 1.24 and a beta of 0.52.
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.
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