Worth Watching: What Will Happen to Computer Task Group, Inc. Next? The Stock Just Declined A Lot

Worth Watching: What Will Happen to Computer Task Group, Inc. Next? The Stock Just Declined A Lot

The stock of Computer Task Group, Inc. (NASDAQ:CTG) is a huge mover today! About 103,066 shares traded hands or 112.79% up from the average. Computer Task Group, Inc. (NASDAQ:CTG) has declined 18.88% since April 6, 2016 and is downtrending. It has underperformed by 20.84% the S&P500.
The move comes after 9 months negative chart setup for the $67.18M company. It was reported on Nov, 8 by Barchart.com. We have $3.61 PT which if reached, will make NASDAQ:CTG worth $8.73 million less.

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 improved, 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 Inv Partners Ltd Partnership, a California-based fund reported 16,828 shares. Menta Cap Limited Liability Company has invested 0.05% of its portfolio in Computer Task Group, Inc. (NASDAQ:CTG). Moreover, Renaissance Techs Limited Liability has 0% invested in Computer Task Group, Inc. (NASDAQ:CTG) for 362,500 shares. Blackrock Fund Advisors, a California-based fund reported 43,117 shares. Commercial Bank Of New York Mellon holds 0% of its portfolio in Computer Task Group, Inc. (NASDAQ:CTG) for 112,421 shares. Bridgeway Cap holds 156,762 shares or 0.01% of its portfolio. Connor Clark & Lunn Invest Mgmt Limited, a British Columbia – Canada-based fund reported 19,175 shares. Retail Bank Of America Corp De accumulated 0% or 35,461 shares. Acadian Asset Ltd Liability last reported 0% of its portfolio in the stock. Tudor Corporation Et Al owns 10,115 shares or 0% of their US portfolio. The Japan-based Blackrock Japan Com Ltd has invested 0% in Computer Task Group, Inc. (NASDAQ:CTG). Morgan Stanley holds 0% of its portfolio in Computer Task Group, Inc. (NASDAQ:CTG) for 206,250 shares. Tower Capital Lc (Trc) reported 2,642 shares or 0% of all its holdings. Brandywine Glob Investment Mgmt Limited Liability Co has 14,500 shares for 0% of their US portfolio. Blackrock Group has 0% invested in the company for 13,425 shares.

More news for Computer Task Group, Inc. (NASDAQ:CTG) were recently published by: Quotes.Wsj.com, which released: “News Computer Task Group Inc.CTG” on February 01, 2001. Buffalonews.com‘s article titled: “James R. Boldt, Computer Task Group CEO, dies unexpectedly” and published on October 14, 2014 is yet another important article.

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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