Csquare (NYSE:CSQR) Shares Gap Down – Here’s What Happened

Csquare, Inc. (NYSE:CSQR)’s stock price gapped down prior to trading on Tuesday. The stock had previously closed at $17.01, but opened at $16.12. Csquare shares last traded at $16.00, with a volume of 171,893 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CSQR shares. Wall Street Zen upgraded shares of Csquare to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group raised shares of Csquare to a “strong-buy” rating in a research note on Friday, August 14th. Scotiabank upgraded Csquare to a “strong-buy” rating in a report on Wednesday, August 19th. Sanford C. Bernstein started coverage on Csquare in a research report on Monday, August 10th. They issued an “outperform” rating and a $27.00 price target for the company. Finally, Bank of America assumed coverage on Csquare in a report on Monday, August 10th. They issued a “buy” rating and a $46.00 price target for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Csquare presently has an average rating of “Buy” and a consensus target price of $28.44.

Csquare Price Performance

The firm has a fifty day simple moving average of $19.76.

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.