Press coverage about Computer Task Group (NASDAQ:CTG) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Computer Task Group earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the information technology services provider an impact score of 47.1497560540153 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.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Zacks: Computer Task Group, Inc. (CTG) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Keynote (KEYN) vs. Computer Task Group (CTG) Head to Head Comparison (americanbankingnews.com)
- FY2018 Earnings Estimate for Computer Task Group, Inc. (CTG) Issued By B. Riley (americanbankingnews.com)
- FY2018 Earnings Forecast for Computer Task Group, Inc. (CTG) Issued By Barrington Research (americanbankingnews.com)
- Q2 2018 Earnings Forecast for Computer Task Group, Inc. Issued By Barrington Research (CTG) (americanbankingnews.com)
Shares of Computer Task Group (NASDAQ:CTG) opened at $7.80 on Wednesday. The firm has a market cap of $122.85, a PE ratio of 156.00, a price-to-earnings-growth ratio of 1.47 and a beta of 1.19. Computer Task Group has a fifty-two week low of $4.90 and a fifty-two week high of $8.36.
Computer Task Group announced that its Board of Directors has authorized a share buyback program on Thursday, February 15th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the information technology services provider to buy shares of its stock through a dutch auction. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.
Separately, Zacks Investment Research upgraded shares of Computer Task Group from a “sell” rating to a “hold” rating in a report on Thursday, January 4th.
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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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