Csquare (NYSE:CSQR) Hits New 12-Month Low – Should You Sell?

Shares of Csquare, Inc. (NYSE:CSQR) hit a new 52-week low during trading on Thursday . The company traded as low as $17.85 and last traded at $18.01, with a volume of 1182043 shares changing hands. The stock had previously closed at $18.35.

Analyst Ratings Changes

Several research analysts have recently weighed in on CSQR shares. JPMorgan Chase & Co. assumed coverage on shares of Csquare in a research note on Monday, August 10th. They set a “neutral” rating and a $24.00 price target on the stock. BMO Capital Markets started coverage on Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $26.00 target price on the stock. Morgan Stanley initiated coverage on Csquare in a research report on Monday, August 10th. They set an “overweight” rating and a $26.00 target price on the stock. Jefferies Financial Group raised Csquare to a “strong-buy” rating in a report on Friday, August 14th. Finally, TD Cowen began coverage on Csquare in a research report on Monday, August 10th. They issued a “buy” rating and a $28.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $28.44.

Csquare Price Performance

Csquare Company Profile

Csquare Inc is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc is based in COPPELL, Texas.