Headlines about Computer Task Group (NASDAQ:CTG) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Computer Task Group earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media coverage about the information technology services provider an impact score of 47.3524022131347 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Computer Task Group (CTG) Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Computer Task Group (CTG) PT Set at $9.00 by B. Riley (americanbankingnews.com)
- SE Asia Stocks-Singapore extends gain, Vietnam scales new peak (finance.yahoo.com)
- $79.47 Million in Sales Expected for Computer Task Group (CTG) This Quarter (americanbankingnews.com)
- Computer Task Group (CTG) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
Shares of CTG traded up $0.04 during midday trading on Friday, reaching $8.28. The stock had a trading volume of 79,452 shares, compared to its average volume of 84,781. Computer Task Group has a 52 week low of $4.90 and a 52 week high of $8.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market capitalization of $125.53, a PE ratio of 37.64, a P/E/G ratio of 1.52 and a beta of 0.48.
Computer Task Group announced that its board has approved a share buyback program on Thursday, February 15th that permits the company to repurchase 1,000% of outstanding shares. This repurchase authorization permits the information technology services provider to reacquire shares of its stock through a dutch auction. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
Several brokerages have weighed in on CTG. Zacks Investment Research downgraded Computer Task Group from a “buy” rating to a “hold” rating in a research note on Friday. ValuEngine downgraded Computer Task Group from a “hold” rating to a “sell” rating in a research note on Monday.
In other news, insider Filip J. L. Gyde sold 40,000 shares of the business’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $8.30, for a total transaction of $332,000.00. Following the sale, the insider now directly owns 152,975 shares of the company’s stock, valued at $1,269,692.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Filip J. L. Gyde sold 30,798 shares of the business’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $8.33, for a total value of $256,547.34. Following the sale, the senior vice president now directly owns 152,975 shares in the company, valued at $1,274,281.75. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by insiders.
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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