On Friday, Converge Technology Solutions Corp. (OTCMKTS:CTSDF) experienced a 1.2% increase in its stock price during mid-day trading. The stock reached a high of $4.40 and closed at $4.33. Despite this, the total number of shares traded was just 9,826, which is a 71% decrease from the average daily volume of 33,754 shares.
Despite the lower trading volume, Converge Technology Solutions has continued to perform well in recent months. The company has a fifty-day moving average of $3.69 and a 200-day moving average of $2.96, indicating stability in their stock price over time. Additionally, just earlier this month, Converge Technology Solutions announced an increase in their dividend payment to investors of record on Tuesday, March 12th receiving a dividend of $0.0074 per share – an improvement from the previous dividend payment of $0.01 and representing a dividend yield of 0.77%.
Converge Technology Solutions provides software-enabled IT and cloud solutions in the United States and Canada to clients across various industries such as healthcare, financial services, retail and manufacturing among others . Their offerings include advanced analytics, application modernization , cloud services , cybersecurity , digital infrastructure and digital workplace offerings that help companies streamline their operations and enhance their customer experience .
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