Constellation Software (OTCMKTS:CNSWF) Stock Price Down 6.2% – What’s Next?

Constellation Software Inc. (OTCMKTS:CNSWF – Get Free Report)’s stock price fell 6.2% on Monday. The stock traded as low as $2,283.00 and last traded at $2,345.00. 449 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 9,731 shares. The stock had previously closed at $2,500.00.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CNSWF. Zacks Research downgraded shares of Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Constellation Software in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Constellation Software presently has a consensus rating of “Buy”.

Check Out Our Latest Report on Constellation Software

Constellation Software Price Performance

The firm has a market cap of $50.64 billion, a PE ratio of 22.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a 50-day simple moving average of $2,191.23 and a 200 day simple moving average of $2,013.01.

Constellation Software (OTCMKTS:CNSWF – Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported $28.70 earnings per share for the quarter, topping analysts’ consensus estimates of $27.81 by $0.89. Constellation Software had a net margin of 7.29% and a return on equity of 49.07%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.36 billion. As a group, equities analysts expect that Constellation Software Inc. will post 119.32 EPS for the current year.

About Constellation Software

(Get Free Report)

Constellation Software Inc. is a Canadian software company that acquires, develops and operates businesses specializing in vertical market software—applications designed for the needs of particular industries or customer groups. Its products support specialized business processes across a range of markets. The company’s software businesses serve customers in both the public and private sectors, providing solutions such as operational and administrative software, along with related maintenance and support.

Further Reading

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