Csquare (NYSE:CSQR) Sets New 12-Month Low – Here’s Why

Csquare, Inc. (NYSE:CSQR) reached a new 52-week low on Thursday . The company traded as low as $17.71 and last traded at $17.71, with a volume of 67118 shares traded. The stock had previously closed at $17.96.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CSQR shares. Wall Street Zen raised Csquare to a “hold” rating in a research note on Saturday, July 25th. Jefferies Financial Group upgraded Csquare to a “strong-buy” rating in a research note on Friday, August 14th. Bank of America started coverage on shares of Csquare in a report on Monday, August 10th. They set a “buy” rating and a $46.00 price objective for the company. TD Cowen assumed coverage on shares of Csquare in a report on Monday, August 10th. They set a “buy” rating and a $28.00 price objective for the company. Finally, Royal Bank Of Canada began coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $24.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Csquare has a consensus rating of “Buy” and a consensus target price of $28.44.

Csquare Stock Performance

The company’s fifty day moving average price is $20.34.

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.