Computer Task Group, Inc. (NASDAQ:CTG) was the target of a large increase in short interest during the month of February. As of February 14th, there was short interest totalling 28,800 shares, an increase of 67.4% from the January 30th total of 17,200 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 38,400 shares, the short-interest ratio is currently 0.8 days.
CTG traded down $0.09 during mid-day trading on Friday, reaching $5.85. The stock had a trading volume of 18,144 shares, compared to its average volume of 34,121. The stock has a market capitalization of $85.56 million, a P/E ratio of 19.50 and a beta of 0.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.81 and a current ratio of 1.81. The firm’s fifty day simple moving average is $5.83 and its two-hundred day simple moving average is $5.31. Computer Task Group has a 52 week low of $3.98 and a 52 week high of $6.48.
Computer Task Group (NASDAQ:CTG) last announced its quarterly earnings data on Tuesday, February 25th. The information technology services provider reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03. The firm had revenue of $99.32 million for the quarter. Computer Task Group had a return on equity of 8.59% and a net margin of 1.05%. As a group, analysts expect that Computer Task Group will post 0.45 EPS for the current fiscal year.
A number of equities research analysts recently commented on CTG shares. ValuEngine lowered Computer Task Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Zacks Investment Research lowered Computer Task Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Computer Task Group presently has an average rating of “Hold” and a consensus target price of $7.00.
Computer Task Group Company Profile
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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