Revenue Update on Computer Task Group(NASDAQ:CTG)

Computer Task Group(NASDAQ:CTG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $83.49M. Analysts estimated a revenue of $85.77M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.04.

Computer Task Group (CTG) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.20% at a volume of 15,274. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.95. The peak price level was also seen at $4.95 while the days lowest was $4.91. Finally the shares closed at $4.91. The 52-week high of the shares is $7.716 while the 52-week low is $4.7. According to the latest information available, the market cap of the company is $80 M.

Several Insider Transactions has been reported to the SEC. On Jan 8, 2016, Filip J L Gyde (Senior Vice President) sold 6,318 shares at $6.51 per share price.Also, On Nov 13, 2015, Brendan M Harrington (Chief Financial Officer, SVP) sold 2,518 shares at $6.76 per share price.On Jul 31, 2015, Daniel J Sullivan (director) purchased 5,000 shares at $7.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Computer Task Group Incorporated (CTG) is an information technology (IT) solutions and staffing services company with operations in North America and Europe. The Company is engaged in providing IT services including IT Solutions and IT Staffing. CTG’s delivery of services includes the selection and implementation of packaged software and the design development testing and integration of new systems and the development and implementation of software and solutions designed for a specific client or vertical market. CTG recruits retains and manages IT and other talent for its clients including technology service providers and companies with multiple locations and need for external IT administrative or warehouse resources. CTG provides these primary services to four vertical market focus areas: healthcare which includes services provided to healthcare providers health insurers (payers) and life sciences companies; technology service providers; financial services and energy.

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