Constellation Software (OTCMKTS:CNSWF) Reaches New 12-Month Low – Here’s What Happened

Shares of Constellation Software Inc. (OTCMKTS:CNSWF) hit a new 52-week low on Wednesday . The stock traded as low as $1,898.00 and last traded at $1,911.0050, with a volume of 3395 shares. The stock had previously closed at $1,958.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Desjardins upgraded shares of Constellation Software to a “moderate buy” rating in a report on Thursday, October 30th. CIBC reaffirmed an “outperform” rating on shares of Constellation Software in a report on Friday, January 16th. Finally, Zacks Research lowered Constellation Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Constellation Software Trading Down 2.0%

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.00 and a current ratio of 1.02. The business’s 50 day moving average price is $2,318.11 and its two-hundred day moving average price is $2,780.35. The company has a market capitalization of $40.68 billion, a price-to-earnings ratio of 61.08 and a beta of 1.05.

Constellation Software (OTCMKTS:CNSWF) last released its earnings results on Friday, November 7th. The company reported $21.71 EPS for the quarter, missing the consensus estimate of $27.84 by ($6.13). The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.99 billion. Constellation Software had a net margin of 5.97% and a return on equity of 51.25%. Equities analysts forecast that Constellation Software Inc. will post 77.19 earnings per share for the current fiscal year.

Constellation Software Company Profile

Constellation Software is a diversified software company that acquires, manages and builds mission-critical software businesses serving a wide range of specialized industries. Its primary focus is on vertical market software, delivering tailored solutions for sectors such as public transit, healthcare, utilities, construction and hospitality. Through its decentralized operating model, Constellation harnesses the expertise of individual business units to develop, implement and support software products that address specific customer needs.

Founded in 1995 by Mark Leonard and headquartered in Toronto, Canada, Constellation Software has grown organically and through strategic acquisitions.