Computer Task Group, Inc. (NASDAQ:CTG) – B. Riley reduced their Q2 2019 earnings estimates for shares of Computer Task Group in a research note issued on Thursday, July 18th. B. Riley analyst Z. Cummins now anticipates that the information technology services provider will earn $0.08 per share for the quarter, down from their prior forecast of $0.09. B. Riley currently has a “Buy” rating and a $8.00 target price on the stock.
Computer Task Group (NASDAQ:CTG) last issued its quarterly earnings data on Thursday, April 18th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Computer Task Group had a negative net margin of 0.67% and a positive return on equity of 5.07%. The company had revenue of $97.24 million during the quarter, compared to the consensus estimate of $93.63 million.
Other equities analysts have also recently issued reports about the company. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a research note on Monday, May 13th. Barrington Research set a $43.00 target price on LKQ and gave the company a “buy” rating in a research note on Monday, April 22nd. Finally, Zacks Investment Research upgraded Inflarx from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $7.50.
Shares of NASDAQ:CTG opened at $4.04 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.93 and a quick ratio of 1.93. Computer Task Group has a 52-week low of $3.85 and a 52-week high of $7.15. The firm has a 50 day moving average price of $4.11. The firm has a market capitalization of $57.54 million, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 0.81 and a beta of 0.50.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ancora Advisors LLC increased its holdings in shares of Computer Task Group by 85.1% during the fourth quarter. Ancora Advisors LLC now owns 278,986 shares of the information technology services provider’s stock valued at $1,138,000 after purchasing an additional 128,228 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Computer Task Group during the fourth quarter valued at $432,000. BlackRock Inc. increased its holdings in shares of Computer Task Group by 19.8% during the fourth quarter. BlackRock Inc. now owns 387,098 shares of the information technology services provider’s stock valued at $1,580,000 after purchasing an additional 64,107 shares during the period. Gabelli Funds LLC acquired a new position in shares of Computer Task Group during the first quarter valued at $108,000. Finally, Tocqueville Asset Management L.P. increased its holdings in shares of Computer Task Group by 8.9% during the first quarter. Tocqueville Asset Management L.P. now owns 283,078 shares of the information technology services provider’s stock valued at $1,217,000 after purchasing an additional 23,078 shares during the period. 49.85% of the stock is currently owned by hedge funds and other institutional investors.
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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