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The Best And The Worst Channel Stocks In Q3 2020

Of the 24 companies on our watch list this quarter, 16 recorded stock price increases in the third quarter with eight recording stock price declines – including four by double-digit percentages. Take a look at whose shares managed to hold their value and which ones took the biggest losses.

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Computer Task Group

CEO: Filip Gyde

June 30, 2020 Close: $4.03

Sept. 30, 2020 Close: $4.97

Change: +23.33%

Sept. 30, 2020 Market Cap: $75.41 Million (+24.18%)

In March, Computer Task Group, No. 71 on the CRN Solution Provider 500, acquired StarDust, a Marseille, France-based provider of testing and quality assurance for digital services.

For the first six months (ended June 26) of 2020 CTG reported revenue of $176.1 million, down 10.9 percent from $197.6 million in the first six months of 2019. Net income for the six-month period was $2.9 million, up more than 84 percent from $1.6 million one year before.

The company will announce its third-quarter financial results on Oct. 20.

 
 
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