Converge Technology Solutions (TSE:CTS) Hits New 52-Week Low at $5.87

Shares of Converge Technology Alternatives Corp. (TSE:CTS – Get Score) hit a new 52-7 days lower on Thursday . The inventory traded as lower as C$5.87 and final traded at C$5.95, with a quantity of 167696 shares traded. The inventory had beforehand closed at C$6.06.

CTS has been the topic of various research analyst studies. National Bankshares set a C$14.00 goal selling price on shares of Converge Technological innovation Answers and gave the inventory an “outperform” rating in a investigate observe on Wednesday, April 27th. Desjardins reissued a “buy” score on shares of Converge Technological innovation Remedies in a analysis report on Wednesday, March 23rd. Canaccord Genuity Team lessened their cost target on shares of Converge Know-how Options from C$14.50 to C$12.00 in a study report on Thursday, May well 12th. Raymond James set a C$12.50 price target on shares of Converge Technological innovation Alternatives and gave the inventory an “outperform” rating in a study report on Thursday, May 12th. Last but not least, Countrywide Bank Financial reissued an “outperfrom underneath weight” rating on shares of Converge Know-how Alternatives in a analysis report on Tuesday, April 26th. Two investment analysts have rated the stock with a hold ranking and eight have issued a acquire rating to the company’s stock. According to data from MarketBeat, the firm presently has a consensus score of “Buy” and an average rate goal of C$12.38.

The business has a speedy ratio of .89, a present-day ratio of 1.14 and a credit card debt-to-equity ratio of 28.01. The business’s fifty day easy shifting typical is C$6.97 and its two-hundred day straightforward shifting common is C$7.75. The firm has a sector cap of C$1.25 billion and a selling price-to-earnings ratio of 121.25.

Converge Engineering Alternatives (TSE:CTS – Get Score) last produced its quarterly earnings details on Tuesday, Might 10th. The enterprise described C$.10 earnings for each share for the quarter, topping analysts’ consensus estimates of C$.06 by C$.04. The corporation had earnings of C$550.04 million for the quarter, when compared to analyst estimates of C$497.63 million. Offer-aspect analysts forecast that Converge Technology Options Corp. will publish .6823448 EPS for the present fiscal yr.

Converge Know-how Answers Company Profile (TSE:CTS)

Converge Engineering Remedies Corp., by means of its subsidiaries, distributes storage equipment and systems, pc items, application, and peripherals. The enterprise also presents set up and routine maintenance analytics, hybrid cloud, infrastructure, and cybersecurity companies cloud shipping, compute performance, network optimization, and IT shell out optimization alternatives and IT skilled solutions, these as information heart infrastructure integration and solutioning, and cloud optimization.

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