Begins Coverage on Computer Task Group (NASDAQ:CTG)

[ad_1] assumed coverage on shares of Computer Task Group (NASDAQ:CTGGet Ranking) in a investigate notice printed on Monday. The firm issued a obtain score on the information technological innovation providers provider’s inventory.

Independently, Zacks Investment Analysis lowered Laptop or computer Undertaking Group from a keep ranking to a offer rating in a report on Thursday, March 10th.

Shares of CTG stock opened at $10.05 on Monday. The stock’s fifty day going normal is $9.15 and its two-hundred working day relocating common is $8.74. The agency has a industry capitalization of $154.18 million, a P/E ratio of 11.04, a PEG ratio of .72 and a beta of .74. Laptop or computer Undertaking Team has a fifty-two 7 days reduced of $6.77 and a fifty-two 7 days significant of $11.68.

Laptop or computer Activity Team (NASDAQ:CTGGet Ranking) last posted its quarterly earnings results on Tuesday, February 22nd. The info know-how providers service provider noted $.25 EPS for the quarter, topping the consensus estimate of $.17 by $.08. Computer Undertaking Team experienced a return on equity of 11.20% and a web margin of 3.50%. The business enterprise had income of $112.39 million for the quarter, in comparison to analyst estimates of $112.66 million. In the course of the identical quarter in the previous yr, the business attained $.14 EPS. As a team, equities analysis analysts forecast that Personal computer Process Group will put up .69 earnings for each share for the existing 12 months.

Many institutional investors have not too long ago produced improvements to their positions in CTG. Knightsbridge Asset Management LLC boosted its holdings in Laptop Job Team by 6.% in the third quarter. Knightsbridge Asset Management LLC now owns 30,110 shares of the data technology companies provider’s stock valued at $240,000 soon after purchasing an extra 1,710 shares in the past quarter. Ancora Advisors LLC boosted its holdings in Pc Task Group by 21.6% in the 3rd quarter. Ancora Advisors LLC now owns 165,661 shares of the facts technological know-how expert services provider’s stock valued at $1,322,000 following paying for an further 29,383 shares in the very last quarter. Connor Clark & Lunn Investment Administration Ltd. boosted its holdings in Laptop Job Group by 15.5% in the 3rd quarter. Connor Clark & Lunn Expenditure Administration Ltd. now owns 13,735 shares of the information and facts engineering services provider’s stock valued at $110,000 following acquiring an additional 1,839 shares in the very last quarter. Lewis Capital Management LLC acquired a new situation in Laptop Endeavor Team in the fourth quarter valued at close to $3,541,000. Finally, Millennium Management LLC boosted its holdings in Pc Activity Team by 15.% in the 2nd quarter. Millennium Administration LLC now owns 13,655 shares of the information and facts technological innovation providers provider’s inventory valued at $132,000 immediately after acquiring an additional 1,779 shares in the past quarter. 53.52% of the inventory is owned by institutional traders and hedge cash.

Laptop or computer Undertaking Group Business Profile (Get Rating)

Pc Process Group, Inc engages in the provision of details technological innovation alternatives and staffing companies. The firm’s providers encompass the information know-how small business answer lifetime cycle, including phases for preparing, creating, implementing, taking care of, and sustaining the details technology option.

Further more Looking through

Want Extra Good Investing Thoughts?

Acquire Information & Rankings for Personal computer Endeavor Group Each day – Enter your email deal with underneath to acquire a concise every day summary of the most current information and analysts’ ratings for Computer system Task Team and related firms with’s Absolutely free day-to-day e mail e-newsletter.


Source link