Media stories about Computer Task Group (NASDAQ:CTG) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Computer Task Group earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the information technology services provider an impact score of 46.031408631374 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Computer Task Group (CTG) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Computer Task Group (CTG) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- Insider Selling: Computer Task Group, Inc. (CTG) SVP Sells 30,798 Shares of Stock (americanbankingnews.com)
- Insider Selling: Computer Task Group, Inc. (CTG) Insider Sells 40,000 Shares of Stock (americanbankingnews.com)
- Edited Transcript of CTG earnings conference call or presentation 20-Feb-18 4:00pm GMT (finance.yahoo.com)
Computer Task Group stock opened at $8.05 on Friday. Computer Task Group has a 12-month low of $4.90 and a 12-month high of $8.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market capitalization of $123.08, a P/E ratio of 161.00, a PEG ratio of 1.49 and a beta of 0.56.
Computer Task Group declared that its board has approved a stock repurchase plan 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 buy shares of its stock through a dutch auction. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
CTG has been the topic of several research reports. Zacks Investment Research raised Computer Task Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. ValuEngine downgraded Computer Task Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th.
In related news, SVP Filip J. L. Gyde sold 30,798 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $8.33, for a total transaction of $256,547.34. Following the sale, the senior vice president now owns 152,975 shares of the company’s stock, valued at $1,274,281.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Filip J. L. Gyde sold 40,000 shares of the stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $8.30, for a total value of $332,000.00. Following the sale, the insider now directly owns 152,975 shares in the company, valued at approximately $1,269,692.50. The disclosure for this sale can be found here. 10.40% of the stock is currently owned by corporate insiders.
About Computer Task Group
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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