D
Converge Technology Solutions Corp.
CTS.TO
TSX
D
Sell
3/6/2025Upgraded
Converge Technology Solutions Corp. (CTS.TO) was upgraded to D from D- on 3/6/2025 due to a large increase in the efficiency index, volatility index and dividend index.
Converge Technology Solutions Corp. (CTS.TO) was upgraded to D from D- on 3/6/2025 due to a large increase in the efficiency index, volatility index and dividend index.
D
Sell
11/14/2024Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D- from D on 11/14/2024 due to a significant decline in the efficiency index, volatility index and solvency index. Total capital declined 5.27% from $558.11M to $528.7M, and the quick ratio declined from 0.91 to 0.86.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D- from D on 11/14/2024 due to a significant decline in the efficiency index, volatility index and solvency index. Total capital declined 5.27% from $558.11M to $528.7M, and the quick ratio declined from 0.91 to 0.86.
D
Sell
5/20/2024Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D from D+ on 5/20/2024 due to a decline in the solvency index and efficiency index. Net income declined 132.92% from $4.31M to -$1.42M, total capital declined 13.42% from $792.89M to $686.51M, and the quick ratio declined from 0.95 to 0.83.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D from D+ on 5/20/2024 due to a decline in the solvency index and efficiency index. Net income declined 132.92% from $4.31M to -$1.42M, total capital declined 13.42% from $792.89M to $686.51M, and the quick ratio declined from 0.95 to 0.83.
D
Sell
5/17/2024Upgraded
Converge Technology Solutions Corp. (CTS.TO) was upgraded to D+ from D on 5/17/2024 due to an increase in the total return index, volatility index and solvency index. Debt to equity declined from 0.74 to 0.66, and the quick ratio increased from 0.9 to 0.95.
Converge Technology Solutions Corp. (CTS.TO) was upgraded to D+ from D on 5/17/2024 due to an increase in the total return index, volatility index and solvency index. Debt to equity declined from 0.74 to 0.66, and the quick ratio increased from 0.9 to 0.95.
D
Sell
11/9/2023Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D from D+ on 11/9/2023 due to a decline in the volatility index, total return index and efficiency index.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D from D+ on 11/9/2023 due to a decline in the volatility index, total return index and efficiency index.
D
Sell
8/11/2023Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D+ from C on 8/11/2023 due to a significant decline in the growth index, valuation index and efficiency index. Operating cash flow declined 133.76% from $21.27M to -$7.18M, earnings per share declined from -$0.0074 to -$0.0149, and net income declined 82.54% from -$1.45M to -$2.64M.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D+ from C on 8/11/2023 due to a significant decline in the growth index, valuation index and efficiency index. Operating cash flow declined 133.76% from $21.27M to -$7.18M, earnings per share declined from -$0.0074 to -$0.0149, and net income declined 82.54% from -$1.45M to -$2.64M.
C
Hold
5/17/2023Upgraded
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from C- on 5/17/2023 due to a significant increase in the growth index and valuation index. Total revenue increased 64.1% from $305.56M to $501.42M, and earnings per share increased from -$0.0125 to -$0.0074.
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from C- on 5/17/2023 due to a significant increase in the growth index and valuation index. Total revenue increased 64.1% from $305.56M to $501.42M, and earnings per share increased from -$0.0125 to -$0.0074.
C
Hold
3/16/2023Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to C- from C on 3/16/2023 due to a significant decline in the growth index, solvency index and volatility index. Earnings per share declined from $0.0749 to -$0.0125, total revenue declined 33.91% from $462.32M to $305.56M, and debt to equity increased from 0.66 to 0.73.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to C- from C on 3/16/2023 due to a significant decline in the growth index, solvency index and volatility index. Earnings per share declined from $0.0749 to -$0.0125, total revenue declined 33.91% from $462.32M to $305.56M, and debt to equity increased from 0.66 to 0.73.
C
Hold
8/12/2022Upgraded
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from D on 8/12/2022 due to a significant increase in the growth index, valuation index and efficiency index. Net income increased 595.42% from -$1.9M to $9.42M, earnings per share increased from -$0.0089 to $0.0392, and operating cash flow increased 187.28% from -$23.86M to $20.82M.
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from D on 8/12/2022 due to a significant increase in the growth index, valuation index and efficiency index. Net income increased 595.42% from -$1.9M to $9.42M, earnings per share increased from -$0.0089 to $0.0392, and operating cash flow increased 187.28% from -$23.86M to $20.82M.
D
Sell
8/8/2022Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D from D+ on 8/8/2022 due to a decline in the total return index and volatility index.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D from D+ on 8/8/2022 due to a decline in the total return index and volatility index.
D
Sell
5/12/2022Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D+ from C on 5/12/2022 due to a significant decline in the total return index and growth index. Operating cash flow declined 252.1% from $15.69M to -$23.86M, earnings per share declined from $0.0248 to -$0.0089, and EBIT declined 39.83% from $16.98M to $10.22M.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to D+ from C on 5/12/2022 due to a significant decline in the total return index and growth index. Operating cash flow declined 252.1% from $15.69M to -$23.86M, earnings per share declined from $0.0248 to -$0.0089, and EBIT declined 39.83% from $16.98M to $10.22M.
C
Hold
11/3/2021Upgraded
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from C- on 11/3/2021 due to a significant increase in the total return index and solvency index.
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from C- on 11/3/2021 due to a significant increase in the total return index and solvency index.
C
Hold
10/7/2021Downgrade
Converge Technology Solutions Corp. (CTS.TO) was downgraded to C- from C on 10/7/2021 due to a major decline in the total return index, growth index and volatility index. Earnings per share declined from $0.0158 to $0.0049.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to C- from C on 10/7/2021 due to a major decline in the total return index, growth index and volatility index. Earnings per share declined from $0.0158 to $0.0049.
C
Hold
5/12/2021Upgraded
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from D on 5/12/2021 due to a substantial increase in the efficiency index, total return index and solvency index. Net income increased 297.34% from $728.8 to $2.9M, debt to equity declined from 1.41 to 0.75, and total capital increased 30.04% from $201.09M to $261.49M.
Converge Technology Solutions Corp. (CTS.TO) was upgraded to C from D on 5/12/2021 due to a substantial increase in the efficiency index, total return index and solvency index. Net income increased 297.34% from $728.8 to $2.9M, debt to equity declined from 1.41 to 0.75, and total capital increased 30.04% from $201.09M to $261.49M.
D
Sell
11/12/2020Downgrade
Converge Technology Solutions Corp. (CTS.V) was downgraded to D from D+ on 11/12/2020 due to a decline in the valuation index.
Converge Technology Solutions Corp. (CTS.V) was downgraded to D from D+ on 11/12/2020 due to a decline in the valuation index.
D
Sell
7/29/2020Upgraded
Converge Technology Solutions Corp. (CTS.V) was upgraded to D+ from D on 7/29/2020 due to a noticeable increase in the total return index.
Converge Technology Solutions Corp. (CTS.V) was upgraded to D+ from D on 7/29/2020 due to a noticeable increase in the total return index.
D
Sell
12/2/2019Upgraded
Converge Technology Solutions Corp. (CTS.V) was upgraded to D from D- on 12/2/2019 due to an increase in the total return index and volatility index.
Converge Technology Solutions Corp. (CTS.V) was upgraded to D from D- on 12/2/2019 due to an increase in the total return index and volatility index.
D
Sell
8/1/2019Upgraded
Converge Technology Solutions Corp. (CTS.V) was upgraded to D- from E+ on 8/1/2019 due to a major increase in the growth index, total return index and efficiency index. Operating cash flow increased 95.51% from -$5.27M to -$236.9, total capital increased 63.75% from $62.57M to $102.46M, and EBIT increased 47.93% from $2.52M to $3.73M.
Converge Technology Solutions Corp. (CTS.V) was upgraded to D- from E+ on 8/1/2019 due to a major increase in the growth index, total return index and efficiency index. Operating cash flow increased 95.51% from -$5.27M to -$236.9, total capital increased 63.75% from $62.57M to $102.46M, and EBIT increased 47.93% from $2.52M to $3.73M.
E
Sell
5/1/2019Upgraded
Converge Technology Solutions Corp. (CTS.V) was upgraded to E+ from E on 5/1/2019 due to an increase in the total return index, growth index and solvency index. EBIT increased 250.12% from -$1.68M to $2.52M, debt to equity declined from -8.02 to -20.48, and earnings per share increased from -$0.0846 to -$0.0433.
Converge Technology Solutions Corp. (CTS.V) was upgraded to E+ from E on 5/1/2019 due to an increase in the total return index, growth index and solvency index. EBIT increased 250.12% from -$1.68M to $2.52M, debt to equity declined from -8.02 to -20.48, and earnings per share increased from -$0.0846 to -$0.0433.
E
Sell
3/29/2019Upgraded
Converge Technology Solutions Corp. (CTS.V) was upgraded to E from E- on 3/29/2019 due to a noticeable increase in the volatility index and total return index.
Converge Technology Solutions Corp. (CTS.V) was upgraded to E from E- on 3/29/2019 due to a noticeable increase in the volatility index and total return index.
E
Sell
2/6/2019None
Converge Technology Solutions Corp. (CTS.TO) was downgraded to E- from U on 02/06/2019.
Converge Technology Solutions Corp. (CTS.TO) was downgraded to E- from U on 02/06/2019.
