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Converge Technology Solutions - Stock

Converge Technology Solutions P/E 2024

Converge Technology Solutions P/E

8.23

Ticker

CTS.TO

ISIN

CA21250C1068

WKN

A2PD0W

As of Jun 24, 2024, Converge Technology Solutions's P/E ratio was 8.23, a -101.55% change from the -530.95 P/E ratio recorded in the previous year.

The Converge Technology Solutions P/E history

Converge Technology Solutions Aktienanalyse

What does Converge Technology Solutions do?

Converge Technology Solutions Corp is a Canadian company specializing in the sale of IT infrastructure solutions and services. Founded in 2016, the company is headquartered in Toronto and offers a wide range of products and services for businesses globally. Converge Technology Solutions ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Converge Technology Solutions's P/E Ratio

The Price to Earnings (P/E) Ratio of Converge Technology Solutions is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Converge Technology Solutions's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Converge Technology Solutions is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Converge Technology Solutions’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Converge Technology Solutions Stock

What is the price-to-earnings ratio of Converge Technology Solutions?

The price-earnings ratio of Converge Technology Solutions is currently 8.23.

How has the price-earnings ratio of Converge Technology Solutions changed compared to last year?

The price-to-earnings ratio of Converge Technology Solutions has increased by -101.55% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Converge Technology Solutions high compared to other companies?

Yes, the price-to-earnings ratio of Converge Technology Solutions is high compared to other companies.

How does an increase in the price-earnings ratio of Converge Technology Solutions affect the company?

An increase in the price-earnings ratio of Converge Technology Solutions would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Converge Technology Solutions affect the company?

A decrease in the price-earnings ratio of Converge Technology Solutions would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Converge Technology Solutions?

Some factors that influence the price-earnings ratio of Converge Technology Solutions are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Converge Technology Solutions pay?

Over the past 12 months, Converge Technology Solutions paid a dividend of 0.03 CAD . This corresponds to a dividend yield of about 0.68 %. For the coming 12 months, Converge Technology Solutions is expected to pay a dividend of 0.03 CAD.

What is the dividend yield of Converge Technology Solutions?

The current dividend yield of Converge Technology Solutions is 0.68 %.

When does Converge Technology Solutions pay dividends?

Converge Technology Solutions pays a quarterly dividend. This is distributed in the months of October, January, April, June.

How secure is the dividend of Converge Technology Solutions?

Converge Technology Solutions paid dividends every year for the past 0 years.

What is the dividend of Converge Technology Solutions?

For the upcoming 12 months, dividends amounting to 0.03 CAD are expected. This corresponds to a dividend yield of 0.68 %.

In which sector is Converge Technology Solutions located?

Converge Technology Solutions is assigned to the 'Information technology' sector.

Wann musste ich die Aktien von Converge Technology Solutions kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Converge Technology Solutions from 6/6/2024 amounting to 0.015 CAD, you needed to have the stock in your portfolio before the ex-date on 5/22/2024.

When did Converge Technology Solutions pay the last dividend?

The last dividend was paid out on 6/6/2024.

What was the dividend of Converge Technology Solutions in the year 2023?

In the year 2023, Converge Technology Solutions distributed 0 CAD as dividends.

In which currency does Converge Technology Solutions pay out the dividend?

The dividends of Converge Technology Solutions are distributed in CAD.

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Andere Kennzahlen von Converge Technology Solutions

Our stock analysis for Converge Technology Solutions Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Converge Technology Solutions Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.