Convergys Stock Hits New 52-Week High (CVG)

NEW YORK ( TheStreet) -- Convergys Corporation (NYSE: CVG) hit a new 52-week high Wednesday as it traded at $14.71 compared with its previous 52-Week high of $14.70. Convergys is changing hands at $14.63 with 123,853 shares traded as of 9:51 a.m. ET. Average volume has been 603,300 shares over the past 30 days. Convergys has a market cap of $1.7 billion and is part of the technology sector and computer software & services industry. Shares are up 6.2% year to date as of the close of trading on Tuesday.

Convergys Corporation provides relationship management solutions worldwide. The company's Customer Management segment provides agent-assisted services, including customer acquisition, customer retention, technical support, back office, and business-to-business services. The company has a P/E ratio of 13.8, below the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Convergys as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and weak operating cash flow. You can view the full Convergys Ratings Report.

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