Worth Watching: After Making Yearly Low, Is Computer Task Group, Inc.’s Near-Term Analysis Negative?

Worth Watching: After Making Yearly Low, Is Computer Task Group, Inc.'s Near Term Analysis Negative?

The stock of Computer Task Group, Inc. (NASDAQ:CTG) hit a new 52-week low and has $3.87 target or 13.00% below today’s $4.45 share price. The 6 months bearish chart indicates high risk for the $70.73M company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $3.87 price target is reached, the company will be worth $9.19M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 30,135 shares traded hands. Computer Task Group, Inc. (NASDAQ:CTG) has declined 10.76% since March 14, 2016 and is downtrending. It has underperformed by 16.38% the S&P500.

Analysts await Computer Task Group, Inc. (NASDAQ:CTG) to report earnings on October, 25. They expect $0.03 EPS, down 76.92% or $0.10 from last year’s $0.13 per share. CTG’s profit will be $476,831 for 37.08 P/E if the $0.03 EPS becomes a reality. After $0.05 actual EPS reported by Computer Task Group, Inc. for the previous quarter, Wall Street now forecasts -40.00% negative EPS growth.

According to Zacks Investment Research, “Computer Task Group, Incorporated provides information technology (IT) staffing, IT solutions, and application management outsourcing services in North America and Europe. The company’s staffing services consist of recruiting, retaining, and managing IT talent for its clients. Its IT solutions include helping clients assess their business needs and identifying the IT solutions for these needs, as well as the delivery of services, including the selection and implementation of packaged software, and the design, construction, testing, and integration of new systems. It serves primarily technology service providers, financial services, healthcare, and life sciences market areas.Computer Task Group was founded in 1966 by Randolph A. Marks and G. David Bae. The company is headquartered in Buffalo, New York”

Insitutional Activity: The institutional sentiment increased to 0.87 in 2016 Q2. Its up 0.22, from 0.65 in 2016Q1. The ratio increased, as 10 funds sold all Computer Task Group, Inc. shares owned while 13 reduced positions. 5 funds bought stakes while 15 increased positions. They now own 7.96 million shares or 4.99% less from 8.38 million shares in 2016Q1.
Brandes Partners Limited Partnership owns 16,828 shares or 0% of their US portfolio. Moreover, Wells Fargo And Co Mn has 0% invested in Computer Task Group, Inc. (NASDAQ:CTG) for 1 shares. Moreover, Perkins Mngmt Incorporated has 0.17% invested in Computer Task Group, Inc. (NASDAQ:CTG) for 30,000 shares. Menta Capital Limited Liability Company holds 71,037 shares or 0.05% of its portfolio. Blackrock Institutional Trust Na last reported 0% of its portfolio in the stock. Acadian Asset Management Lc, a Massachusetts-based fund reported 29,590 shares. Northern Trust Corporation holds 0% of its portfolio in Computer Task Group, Inc. (NASDAQ:CTG) for 76,324 shares. Fulton National Bank & Trust Na last reported 22,600 shares in the company. Moreover, Vanguard Group has 0% invested in Computer Task Group, Inc. (NASDAQ:CTG) for 772,622 shares. Blackrock Fund Advsrs reported 43,117 shares or 0% of all its holdings. Heartland Advsrs last reported 601,332 shares in the company. Manufacturers Life Insurance The has invested 0% of its portfolio in Computer Task Group, Inc. (NASDAQ:CTG). The California-based California Employees Retirement System has invested 0% in Computer Task Group, Inc. (NASDAQ:CTG). Mufg Americas Corporation, a New York-based fund reported 1,240 shares. Jpmorgan Chase holds 52,394 shares or 0% of its portfolio.

More notable recent Computer Task Group, Inc. (NASDAQ:CTG) news were published by: Quotes.Wsj.com which released: “News Computer Task Group Inc.CTG” on February 01, 2001, also Buffalonews.com with their article: “James R. Boldt, Computer Task Group CEO, dies unexpectedly” published on October 14, 2014, Nasdaq.com published: “Computer Task Group, Incorporated (CTG) Ex-Dividend Date Scheduled for …” on September 21, 2016. More interesting news about Computer Task Group, Inc. (NASDAQ:CTG) were released by: Seekingalpha.com and their article: “Computer Task Group’s (CTG) CEO Arthur Crumlish on Q2 2016 Results – Earnings …” published on July 26, 2016 as well as Seekingalpha.com‘s news article titled: “Computer Task Group’s (CTG) CEO Cliff Bleustein on Q1 2016 Results – Earnings …” with publication date: April 26, 2016.

CTG Company Profile

Computer Task Group, Incorporated (CTG), incorporated on March 11, 1966, is an information technology (IT) solutions and staffing services company. The Firm primarily operates in the segment of providing IT services to its clients. The Firm has activities in North America and Europe. The Firm is engaged in providing IT services, including IT Solutions, and IT and other Staffing. CTG provides these primary services to all of the markets that it serves. The services provided typically encompass the IT business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the IT solution. The Firm provides administrative or warehouse employees to clients from time to time to supplement the IT resources it places at those clients. The Firm promotes a portion of its services through five vertical market focus areas: technology service providers, manufacturing, healthcare (which includes services provided to healthcare providers, health insurers, and life sciences companies), financial services, and diversified industrials.

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