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TSE:CTS

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

Converge Technology Solutions logo
C$3.26 +0.09 (+2.84%)
(As of 12/24/2024 01:21 PM ET)

About Converge Technology Solutions Stock (TSE:CTS)

Key Stats

Today's Range
C$3.15
C$3.28
50-Day Range
C$2.99
C$4.76
52-Week Range
C$2.90
C$6.06
Volume
443,075 shs
Average Volume
542,657 shs
Market Capitalization
C$636.35 million
P/E Ratio
N/A
Dividend Yield
1.84%
Price Target
C$5.86
Consensus Rating
Moderate Buy

Company Overview

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The company also offers managed and talent services, and hardware and software products and solutions. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Toronto, Canada.

Converge Technology Solutions Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
50th Percentile Overall Score

CTS MarketRank™: 

Converge Technology Solutions scored higher than 50% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Converge Technology Solutions has received a consensus rating of Moderate Buy. The company's average rating score is 2.55, and is based on 4 buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Converge Technology Solutions has only been the subject of 4 research reports in the past 90 days.

  • Read more about Converge Technology Solutions' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Converge Technology Solutions is -4.08, 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 -4.08, 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 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for CTS.
  • Dividend Yield

    Converge Technology Solutions pays a meaningful dividend of 1.30%, 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.

  • Read more about Converge Technology Solutions' dividend.
  • Short Interest

    There is no current short interest data available for CTS.
  • News Sentiment

    Converge Technology Solutions has a news sentiment score of 0.78. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 2 news articles for Converge Technology Solutions this week, compared to 1 article on an average week.
  • Search Interest

    2 people have searched for CTS on MarketBeat in the last 30 days.
  • MarketBeat Follows

    Only 1 people have added Converge Technology Solutions to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
  • 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.

  • Read more about Converge Technology Solutions' insider trading history.
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CTS Stock News Headlines

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CTS Stock Analysis - Frequently Asked Questions

Converge Technology Solutions' stock was trading at C$4.14 at the beginning of 2024. Since then, CTS stock has decreased by 21.3% and is now trading at C$3.26.
View the best growth stocks for 2024 here
.

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.
Compare Top Brokerages Here.

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

Ex-Dividend for 12/28 Dividend
12/10/2024
Today
12/25/2024
Dividend Payable
12/28/2024

Industry, Sector and Symbol

Industry
Information Technology Services
Sub-Industry
Electronic Equipment
CIK
N/A
Fax
N/A
Employees
4,210
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$5.86
High Stock Price Target
C$9.00
Low Stock Price Target
C$4.00
Potential Upside/Downside
+79.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
C$-161,170,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.64 billion
Cash Flow
C$0.58 per share
Book Value
C$1.96 per share

Miscellaneous

Free Float
N/A
Market Cap
C$636.35 million
Optionable
Not Optionable
Beta
1.81
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This page (TSE:CTS) was last updated on 12/25/2024 by MarketBeat.com Staff
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