The stock of Computer Task Group, Inc. (NASDAQ:CTG) hit a new 52-week low and has $3.80 target or 11.00% below today’s $4.27 share price. The 9 months bearish chart indicates high risk for the $69.20M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $3.80 price target is reached, the company will be worth $7.61M 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 48,346 shares traded hands or 2.90% up from the average. Computer Task Group, Inc. (NASDAQ:CTG) has declined 15.29% since April 1, 2016 and is downtrending. It has underperformed by 16.51% the S&P500.
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 Q2 2016. Its up 0.22, from 0.65 in 2016Q1. The ratio is positive, 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.
Geode Mngmt Limited Liability holds 0% of its portfolio in Computer Task Group, Inc. (NASDAQ:CTG) for 78,644 shares. Manufacturers Life Ins The last reported 0% of its portfolio in the stock. California Public Employees Retirement System reported 176,500 shares or 0% of all its holdings. Paradigm Asset Com Lc holds 0% or 2,950 shares in its portfolio. Pacific Ridge Prtnrs Llc accumulated 0.18% or 77,960 shares. The United Kingdom-based Barclays Public Limited has invested 0% in Computer Task Group, Inc. (NASDAQ:CTG). Dimensional Fund Lp holds 804,209 shares or 0% of its portfolio. Blackrock Institutional Tru Na accumulated 457,774 shares or 0% of the stock. Minerva Advisors Ltd Com accumulated 984,459 shares or 3.33% of the stock. Goldman Sachs Group Inc has 16,497 shares for 0% of their US portfolio. Heartland Advsrs reported 601,332 shares or 0.17% of all its holdings. Moreover, Jpmorgan Chase & has 0% invested in Computer Task Group, Inc. (NASDAQ:CTG) for 52,394 shares. Creative Planning accumulated 0% or 2,500 shares. Blackrock Gp Limited holds 13,425 shares or 0% of its portfolio. Nationwide Fund Advsrs last reported 0% of its portfolio in the stock.
More important 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 published article titled: “James R. Boldt, Computer Task Group CEO, dies unexpectedly”, 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) was released by: Seekingalpha.com and their article: “Computer Task Group’s (CTG) CEO Arthur Crumlish on Q2 2016 Results – Earnings …” with publication date: July 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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