Computer Task Group, Inc. - Value Alert
Texas (June 28, 2013) Wax Ink has issued a No Investment Interest rating for Computer Task Group, Inc. (Nasdaq: CTGX) based on a recent baseline equity review which placed fair value between $27-$32.
The recent close of $22.80 is approximately 39% above the fair value buy target for the stock and approximately 32% below the fair value close target for the stock. The recent close is also 5% below analysts’ twelve-month $24.00 median price target for the stock.
The recent close represents a 00% increase in price since the last baseline equity review was conducted in June of 2013.
The stock currently has a trailing twelve-month PE Ratio of 24, and a PEG Ratio of 3.2 basis estimated forward earnings growth of 7.5%.
In the past 52 weeks, share prices have moved between a high of $24.70 and a low of $13.23, placing equilibrium at $20.84.
Basis the recent close, the stock is trading 8% below the 52 week high, 42% above the 52 week low, 9% above equilibrium, and has an average daily trading volume of approximately 74,000 shares.
Computer Task Group, Inc. operates as an information technology (IT) solutions and staffing company in North America and Europe.
The company's competitors include CDI Corporation, Volt Information Sciences Inc., and Computer Sciences Corporation.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
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