Closing Bell: Converge Technology Solutions Corp down on Friday (CTS)

Today during trading, Converge Technology Solutions Corp shares closed at $4.00 after opening the day at $4.08. It traded at a low of $3.95 to a high of $4.17.

Shares eased -3.85 percent from the previous day's close of $4.16.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -1.84% at 5346.56, the Dow Jones Industrial Average closed -1.51% at 39737.26 and the Nasdaq Composite closed -2.43% at 16776.16.

Converge Technology Solutions Corp traded under CTS on the Toronto Stock Exchange (TSX).

A total of 756,315 shares was traded during the last trading day, with total trades of 2,233, while having an average volume of 397,237 in the last five days.

The TSX market on the whole today saw 432 price advancers against 4,843 declines and 43 unchanged.

During the prior 52 weeks, CTS.TO has traded as high as $6.06 (March 14,2024) and low as $2.24 (October 19,2023). Moreover, in the last 52 weeks, Converge Technology Solutions Corp's shares have boosted 30.72%, while in 2024, they have dipped -3.38%.

It announced a 0.01 dividend on May 08/24, with an May 22/24 ex-date and June 06/24 pay day.

Following today's trading, Converge Technology Solutions Corp has a market capitalization of $799.48 million on a float of 199,870 shares outstanding. Its annual EPS is $-0.01.

Converge Technology Solutions Corp is a TSX Information Technology Srvs company headquartered in Toronto, CAN.

Currently, Converge Technology Solutions Corp's consensus rating is "Moderate Buy" based on 10 analysts according to Zacks. Currently, there are 8 buy ratings and 2 hold ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..