Computer Task Group, Incorporated (CTG) Issues Quarterly Earnings Results
Computer Task Group, Incorporated (NASDAQ:CTG) released its earnings results on Monday. The information technology services provider reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01), Bloomberg Earnings reports. Computer Task Group, had a positive return on equity of 4.27% and a negative net margin of 4.50%. The company had revenue of $74.04 million during the quarter, compared to the consensus estimate of $75.80 million. During the same period last year, the firm posted $0.04 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year.
Computer Task Group, (CTG) opened at 5.34 on Tuesday. The stock’s 50 day moving average price is $5.27 and its 200-day moving average price is $5.48. The company’s market capitalization is $83.83 million. Computer Task Group, has a one year low of $3.87 and a one year high of $6.33.
An institutional investor recently raised its position in Computer Task Group, stock. Northern Trust Corp increased its holdings in shares of Computer Task Group, Incorporated (NASDAQ:CTG) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,589 shares of the information technology services provider’s stock after buying an additional 2,247 shares during the quarter. Northern Trust Corp owned 0.35% of Computer Task Group, worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 46.03% of the stock is currently owned by institutional investors.
Separately, B. Riley set a $9.00 target price on Computer Task Group, and gave the stock a “buy” rating in a report on Monday.
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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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