Converge Technology Solutions Corp. (TSE:CTS) Plans Quarterly Dividend of $0.01

Converge Technology Solutions Corp. (TSE:CTSGet Free Report) declared a quarterly dividend on Tuesday, March 5th, TickerTech reports. Shareholders of record on Tuesday, March 12th will be given a dividend of 0.01 per share on Tuesday, March 26th. This represents a $0.04 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Monday, March 11th.

Converge Technology Solutions Price Performance

Shares of Converge Technology Solutions stock opened at C$5.42 on Friday. The firm has a market cap of C$1.11 billion, a PE ratio of -108.40, a PEG ratio of 0.14 and a beta of 1.91. Converge Technology Solutions has a 12 month low of C$2.24 and a 12 month high of C$5.44. The stock has a 50 day moving average of C$4.43 and a 200 day moving average of C$3.69. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 75.63.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CTS. Eight Capital upped their price objective on Converge Technology Solutions from C$7.00 to C$9.00 and gave the company a “buy” rating in a research report on Thursday. Desjardins upped their price target on shares of Converge Technology Solutions from C$6.00 to C$7.00 and gave the company a “buy” rating in a report on Thursday. TD Securities raised their price objective on shares of Converge Technology Solutions from C$4.25 to C$6.00 and gave the stock a “hold” rating in a research note on Thursday. Canaccord Genuity Group dropped their target price on Converge Technology Solutions from C$6.00 to C$5.00 and set a “speculative buy” rating for the company in a research report on Wednesday, November 15th. Finally, Cormark increased their price target on Converge Technology Solutions from C$4.50 to C$5.50 in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Converge Technology Solutions has a consensus rating of “Moderate Buy” and a consensus target price of C$6.43.

Check Out Our Latest Report on Converge Technology Solutions

Converge Technology Solutions Company Profile

(Get Free Report)

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions 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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