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TSE:CTS

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

Converge Technology Solutions logo
C$5.47 +0.01 (+0.18%)
As of 03/21/2025 04:00 PM Eastern

About Converge Technology Solutions Stock (TSE:CTS)

Key Stats

Today's Range
C$5.46
C$5.47
50-Day Range
C$3.39
C$5.47
52-Week Range
C$2.90
C$6.00
Volume
600,277 shs
Average Volume
1.49 million shs
Market Capitalization
C$1.03 billion
P/E Ratio
N/A
Dividend Yield
1.10%
Price Target
C$28.83
Consensus Rating
Moderate Buy

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.

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Converge Technology Solutions Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
56th Percentile Overall Score

CTS MarketRank™: 

Converge Technology Solutions scored higher than 56% 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 2.67, and is based on no buy ratings, 6 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Converge Technology Solutions has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • 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 -6.56, 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 -6.56, 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 2.97. 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 1.02%, 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.

  • 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 0.36. 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 lower news sentiment than the 0.76 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

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

Why Elon put $51 million into this
Why Elon Musk Just Invested $51 Million Into Brand New “Miracle Metal” Developed by MIT Scientists
CONVERGE TECHNOLOGY SOLUTIONS C (CTS.NE)
See More Headlines

CTS Stock Analysis - Frequently Asked Questions

Converge Technology Solutions' stock was trading at C$3.27 on January 1st, 2025. Since then, CTS stock has increased by 67.3% and is now trading at C$5.47.
View the best growth stocks for 2025 here
.

Converge Technology Solutions Corp. (TSE:CTS) posted its earnings results on Tuesday, November, 12th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.

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.

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
3/22/2025

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Information Technology Services
Sub-Industry
Electronic Equipment
Current Symbol
TSE:CTS
CIK
N/A
Fax
N/A
Employees
4,210
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$28.83
High Stock Price Target
C$154.00
Low Stock Price Target
C$4.00
Potential Upside/Downside
+427.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Trailing P/E Ratio
N/A
Forward P/E Ratio
7.95
P/E Growth
0.14
Net Income
C$-157,258,801.03
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.48 billion
Cash Flow
C$0.97 per share
Price / Cash Flow
5.63
Book Value
C$1.84 per share
Price / Book
2.97

Miscellaneous

Free Float
N/A
Market Cap
C$1.03 billion
Optionable
Not Optionable
Beta
1.81
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This page (TSE:CTS) was last updated on 3/22/2025 by MarketBeat.com Staff
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