Converge Technology Solutions Corp. (TSE:CTS – Get Free Report) Senior Officer Avjit Kamboj sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$4.62, for a total transaction of C$115,500.00.
Avjit Kamboj also recently made the following trade(s):
- On Monday, June 24th, Avjit Kamboj sold 30,600 shares of Converge Technology Solutions stock. The shares were sold at an average price of C$4.41, for a total value of C$134,946.00.
Converge Technology Solutions Stock Performance
Shares of TSE CTS opened at C$4.33 on Thursday. Converge Technology Solutions Corp. has a one year low of C$2.24 and a one year high of C$6.06. The business’s 50-day moving average price is C$5.09 and its two-hundred day moving average price is C$4.87. The company has a debt-to-equity ratio of 58.49, a current ratio of 0.93 and a quick ratio of 0.68. The company has a market capitalization of C$865.44 million, a P/E ratio of -433.00, a price-to-earnings-growth ratio of 0.14 and a beta of 1.93.
Converge Technology Solutions Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.015 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Converge Technology Solutions’s previous quarterly dividend of $0.01. Converge Technology Solutions’s dividend payout ratio (DPR) is currently -600.00%.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on CTS. CIBC lifted their target price on Converge Technology Solutions from C$4.50 to C$5.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Scotiabank lifted their price target on Converge Technology Solutions from C$7.00 to C$8.00 in a research note on Thursday, March 14th. National Bankshares upped their price objective on shares of Converge Technology Solutions from C$6.00 to C$7.00 in a research note on Friday, May 10th. Eight Capital lifted their target price on shares of Converge Technology Solutions from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Cormark reduced their price target on shares of Converge Technology Solutions from C$7.00 to C$6.50 in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$6.63.
Get Our Latest Report on Converge Technology Solutions
Converge Technology Solutions Company Profile
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.
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