Converge Technology Solutions Corp. (TSE:CTS – Get Rating) Senior Officer Greg Berard bought 9,308 shares of the company’s stock in a transaction that occurred on Friday, December 30th. The shares were bought at an average price of C$4.60 per share, with a total value of C$42,816.80. Following the completion of the acquisition, the insider now directly owns 148,776 shares in the company, valued at C$684,369.60.
Converge Technology Solutions Stock Down 1.5 %
CTS stock opened at C$5.13 on Wednesday. Converge Technology Solutions Corp. has a twelve month low of C$3.60 and a twelve month high of C$11.59. The company has a quick ratio of 0.68, a current ratio of 0.84 and a debt-to-equity ratio of 63.41. The firm has a market cap of C$1.08 billion and a PE ratio of 32.06. The business has a 50 day moving average of C$4.70 and a 200 day moving average of C$5.09.
Converge Technology Solutions (TSE:CTS – Get Rating) last posted its quarterly earnings data on Tuesday, November 8th. The company reported C$0.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.03. The company had revenue of C$603.21 million for the quarter, compared to the consensus estimate of C$614.67 million. On average, research analysts forecast that Converge Technology Solutions Corp. will post 0.55 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Converge Technology Solutions Company Profile
Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Its solutions approach delivers advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.
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