Convergys Reaches New 52-Week High (CVG)

NEW YORK ( TheStreet) -- Convergys Corporation (NYSE: CVG) hit a new 52-week high Wednesday as it is currently trading at $14.27, above its previous 52-week high of $14.23 with 76,028 shares traded as of 9:49 a.m. ET. Average volume has been 879,300 shares over the past 30 days.

Convergys has a market cap of $1.61 billion and is part of the technology sector and computer software & services industry. Shares are up 8.1% year to date as of the close of trading on Tuesday.

Convergys Corporation provides relationship management solutions in North America and internationally. It operates in two segments, Customer Management and Information Management. The company has a P/E ratio of 5.2, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Convergys as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Convergys Ratings Report.

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