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2023-04-08 16:02
StockNews.com upgraded shares of Computer Task Group (NASDAQ:CTG – Get Rating) from a hold rating to a buy rating in a report issued on Tuesday morning.
NASDAQ:CTG opened at $7.17 on Tuesday. Computer Task Group has a 52 week low of $6.42 and a 52 week high of $10.10. The firm has a 50 day moving average of $7.43 and a 200 day moving average of $7.31. The stock has a market capitalization of $112.91 million, a price-to-earnings ratio of 16.67, a PEG ratio of 0.56 and a beta of 0.89.
Get Computer Task Group alerts:Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Computer Task Group by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 964,872 shares of the information technology services provider's stock valued at $9,427,000 after acquiring an additional 9,413 shares during the last quarter. Vanguard Group Inc. lifted its position in Computer Task Group by 27.3% during the first quarter. Vanguard Group Inc. now owns 846,388 shares of the information technology services provider's stock valued at $8,269,000 after acquiring an additional 181,316 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Computer Task Group by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 131,823 shares of the information technology services provider's stock worth $996,000 after buying an additional 2,595 shares during the last quarter. State Street Corp raised its holdings in shares of Computer Task Group by 2.8% in the first quarter. State Street Corp now owns 58,271 shares of the information technology services provider's stock worth $569,000 after buying an additional 1,586 shares during the last quarter. Finally, Knightsbridge Asset Management LLC raised its holdings in shares of Computer Task Group by 4.2% in the fourth quarter. Knightsbridge Asset Management LLC now owns 65,450 shares of the information technology services provider's stock worth $495,000 after buying an additional 2,638 shares during the last quarter. Hedge funds and other institutional investors own 50.65% of the company's stock.
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Computer Task Group, Inc engages in the provision of information technology solutions and staffing services. The firm's services encompass the information technology business solution life cycle, including phases for planning, developing, implementing, managing, and maintaining the information technology solution.
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