Emily Harnish - Converge Technology Chief Officer

CTS Stock  CAD 3.30  0.03  0.92%   

Executive

Emily Harnish is Chief Officer of Converge Technology Solutions
Address 161 Bay Street, Toronto, ON, Canada, M5J 2T6
Phone416 360 1495
Webhttps://www.convergetp.com

Converge Technology Management Efficiency

The company has return on total asset (ROA) of 0.0162 % which means that it generated a profit of $0.0162 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3346) %, meaning that it generated substantial loss on money invested by shareholders. Converge Technology's management efficiency ratios could be used to measure how well Converge Technology manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of November 2024, Return On Tangible Assets is likely to drop to -0.0013. In addition to that, Return On Capital Employed is likely to drop to 0.1. At this time, Converge Technology's Total Assets are very stable compared to the past year. As of the 29th of November 2024, Non Current Assets Total is likely to grow to about 1.1 B, though Net Tangible Assets are likely to grow to (365.7 M).
Converge Technology Solutions has accumulated 433.29 M in total debt with debt to equity ratio (D/E) of 0.33, which is about average as compared to similar companies. Converge Technology has a current ratio of 0.97, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Converge Technology until it has trouble settling it off, either with new capital or with free cash flow. So, Converge Technology's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Converge Technology sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Converge to invest in growth at high rates of return. When we think about Converge Technology's use of debt, we should always consider it together with cash and equity.

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Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions for corporate and government institutions in the United States and Canada. Converge Technology Solutions Corp. was incorporated in 2016 and is headquartered in Gatineau, Canada. CONVERGE TECHNOLOGY is traded on Toronto Stock Exchange in Canada. Converge Technology Solutions (CTS) is traded on Toronto Exchange in Canada and employs 2,700 people. Converge Technology is listed under IT Consulting & Other Services category by Fama And French industry classification.

Management Performance

Converge Technology Leadership Team

Elected by the shareholders, the Converge Technology's board of directors comprises two types of representatives: Converge Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Converge. The board's role is to monitor Converge Technology's management team and ensure that shareholders' interests are well served. Converge Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Converge Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Avjitpal Kamboj, Chief Officer
Cari Hash, VP Sales
Emily Martin, Executive Platforms
Emily Harnish, Chief Officer
Cory Reid, COO Officer
Julianne Belaga, Chief Officer
Richard Lecoutre, Global Officer
Vic Verola, Executive Sales
David Luftig, Executive Solutions
Greg Berard, Global President
Karie Timion, Vice Marketing
Tommy Whatley, Ex Alliances
Greg Rhoades, Chief US
Sean Colicchio, Global Officer
Rhonda Hanes, Executive Operations
Shaun Maine, Group Director
John Teltsch, Chief Officer
Don Cuthbertson, CTO Canada

Converge Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Converge Technology a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Converge Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Converge Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Converge Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Converge Stock

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The ability to find closely correlated positions to Converge Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Converge Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Converge Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Converge Technology Solutions to buy it.
The correlation of Converge Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Converge Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Converge Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Converge Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Converge Stock

Converge Technology financial ratios help investors to determine whether Converge Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Converge with respect to the benefits of owning Converge Technology security.