Converge Technology Solutions (CTS) Stock Price, News & Analysis

Company Overview

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Key Stats

• Today's Range: C$5.44 to C$5.45
• 50-Day Range: C$3.17 to C$5.45
• 52-Week Range: C$2.90 to C$6.06
• Volume: 1.31 million shs
• Average Volume: 1.41 million shs
• Market Capitalization: C$1.03 billion
• P/E Ratio: N/A
• Dividend Yield: 1.10%
• Price Target: C$5.73
• Consensus Rating: Moderate Buy

Converge Technology Solutions Stock Analysis - MarketRank™

Converge Technology Solutions scored higher than 17% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Converge Technology Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.69, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Converge Technology Solutions has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Converge Technology Solutions is -6.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Converge Technology Solutions is -6.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Converge Technology Solutions has a PEG Ratio of 0.14. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Converge Technology Solutions has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CTS.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Converge Technology Solutions pays a meaningful dividend of 1.02%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Converge Technology Solutions does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CTS.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

MarketBeat Follows

Only 1 people have added Converge Technology Solutions to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Converge Technology Solutions insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.97% of the stock of Converge Technology Solutions is held by insiders.

Percentage Held by Institutions

Only 33.29% of the stock of Converge Technology Solutions is held by institutions.

CTS Stock Analysis - Frequently Asked Questions

How have CTS shares performed this year?

Converge Technology Solutions' stock was trading at C$3.27 on January 1st, 2025. Since then, CTS shares have increased by 66.4% and is now trading at C$5.44.
View the best growth stocks for 2025 here.

How were Converge Technology Solutions' earnings last quarter?

Converge Technology Solutions Corp. (TSE:CTS) issued its earnings results on Tuesday, November, 12th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. Converge Technology Solutions had a negative trailing twelve-month return on equity of 34.40% and a negative net margin of 6.35%.

How do I buy shares of Converge Technology Solutions?

Shares of CTS stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of Converge Technology Solutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Converge Technology Solutions investors own include Meta Platforms (META), Toronto-Dominion Bank (TD), NVIDIA (NVDA), Lightspeed Commerce (LSPD), Air Canada (AC), Whitecap Resources (WCP) and TELUS (T).

Company Calendar

• Last Earnings: 11/12/2024
• Ex-Dividend for 12/28 Dividend: 12/10/2024
• Dividend Payable: 12/28/2024
• Today: 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Computer and Technology
• Industry: Information Technology Services
• Sub-Industry: Electronic Equipment
• Current Symbol: TSE:CTS
• CUSIP: N/A
• CIK: N/A
• Web: www.convergetp.com
• Phone: 416 360 1495
• Fax: N/A
• Employees: 4,210
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$5.73
• High Stock Price Target: C$9.00
• Low Stock Price Target: C$4.00
• Potential Upside/Downside: +5.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.69
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.83)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.90
• P/E Growth: 0.14
• Net Income: C$-157,258,801.03
• Net Margins: -6.35%
• Pretax Margin: N/A
• Return on Equity: -34.40%
• Return on Assets: 1.62%

Debt

• Debt-to-Equity Ratio: 85.78
• Current Ratio: 0.96
• Quick Ratio: 0.68

Sales & Book Value

• Annual Sales: C$2.48 billion
• Price / Sales: 0.41
• Cash Flow: C$0.97 per share
• Price / Cash Flow: 5.63
• Book Value: C$1.84 per share
• Price / Book: 2.95

Miscellaneous

• Outstanding Shares: 188,607,000
• Free Float: N/A
• Market Cap: C$1.03 billion
• Optionable: Not Optionable
• Beta: 1.81