Csquare (NYSE:CSQR) Hits New 12-Month Low – What’s Next?

Csquare, Inc. (NYSE:CSQR) hit a new 52-week low on Monday. The company traded as low as $15.44 and last traded at $15.57, with a volume of 960,519 shares changing hands. The stock had previously closed at $16.09.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $27.00 price target on the stock. Scotiabank upgraded Csquare to a “strong-buy” rating in a research note on Wednesday, August 19th. TD Cowen initiated coverage on Csquare in a research note on Monday, August 10th. They set a “buy” rating and a $28.00 price target on the stock. Morgan Stanley initiated coverage on Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $26.00 price objective for the company. Finally, Wells Fargo & Company began coverage on shares of Csquare in a research note on Monday, August 10th. They issued an “overweight” rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $28.44.

Csquare Stock Performance

The firm’s 50 day moving average is $18.64.

About Csquare

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.