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The Best And Worst Channel Company Stocks In The Third Quarter Of 2019

Sixteen of the 27 publicly held channel companies on our watch list saw the price of their stock price increase in the third quarter of 2019 – many by double-digit amounts. Take a look at whose shares recorded the biggest gains and losses.

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Computer Task Group

CEO: Filip Gyde

June 28, 2019 Close: $4.01

Sept. 30, 2019 Close: $5.00

Change: +24.69%

On Feb. 6, IT solutions and services provider CTG completed its acquisition of Luxembourg-based Tech-IT, a leading consulting and IT solutions company.

For the first half of 2019 (ended June 30) CTG, No. 72 on the CRN Solution Provider 500, reported revenue of $197.6 million, up 12.7 percent from $175.4 million in the first half of 2018. Net income for the six-month period was $1.58 million, up 16 percent from $1.35 million one year earlier.

The company will report its third quarter results on Oct. 22.

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