StockNews.com Begins Coverage on Computer Task Group (NASDAQ:CTG)

StockNews.com assumed protection on shares of Personal computer Activity Group (NASDAQ:CTG – Get Rating) in a research observe released on Monday. The firm issued a acquire ranking on the information and facts engineering solutions provider’s stock.

Separately, Zacks Expense Analysis reduced Pc Process Team from a hold rating to a sell score in a report on Thursday, March 10th.

Shares of CTG stock opened at $10.05 on Monday. The stock’s fifty working day going regular is $9.15 and its two-hundred day transferring regular is $8.74. The firm has a marketplace capitalization of $154.18 million, a P/E ratio of 11.04, a PEG ratio of .72 and a beta of .74. Laptop Task Team has a fifty-two 7 days small of $6.77 and a fifty-two week large of $11.68.

Laptop Activity Team (NASDAQ:CTG – Get Ranking) final posted its quarterly earnings success on Tuesday, February 22nd. The information and facts technological innovation providers company claimed $.25 EPS for the quarter, topping the consensus estimate of $.17 by $.08. Laptop or computer Job Team experienced a return on equity of 11.20% and a internet margin of 3.50%. The organization had revenue of $112.39 million for the quarter, in contrast to analyst estimates of $112.66 million. During the very same quarter in the earlier calendar year, the agency earned $.14 EPS. As a team, equities study analysts forecast that Computer system Activity Group will submit .69 earnings per share for the current calendar year.

A number of institutional traders have not long ago built changes to their positions in CTG. Knightsbridge Asset Management LLC boosted its holdings in Computer Endeavor Team by 6.% in the 3rd quarter. Knightsbridge Asset Administration LLC now owns 30,110 shares of the facts technologies services provider’s inventory valued at $240,000 soon after obtaining an supplemental 1,710 shares in the previous quarter. Ancora Advisors LLC boosted its holdings in Pc Activity Team by 21.6% in the 3rd quarter. Ancora Advisors LLC now owns 165,661 shares of the info technological innovation solutions provider’s stock valued at $1,322,000 just after acquiring an extra 29,383 shares in the previous quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Laptop or computer Job Team by 15.5% in the 3rd quarter. Connor Clark & Lunn Expenditure Administration Ltd. now owns 13,735 shares of the facts technologies providers provider’s stock valued at $110,000 soon after getting an supplemental 1,839 shares in the very last quarter. Lewis Funds Management LLC obtained a new placement in Laptop Task Group in the fourth quarter valued at about $3,541,000. Eventually, Millennium Management LLC boosted its holdings in Pc Undertaking Group by 15.% in the second quarter. Millennium Administration LLC now owns 13,655 shares of the details engineering companies provider’s inventory valued at $132,000 immediately after obtaining an further 1,779 shares in the last quarter. 53.52% of the stock is owned by institutional buyers and hedge resources.

Personal computer Undertaking Group Organization Profile (Get Score)

Laptop or computer Process Group, Inc engages in the provision of info technology answers and staffing providers. The firm’s services encompass the details know-how business enterprise alternative lifestyle cycle, including phases for setting up, producing, implementing, managing, and keeping the information and facts technologies solution.

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