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

Csquare, Inc. (NYSE:CSQR) gapped up before the market opened on Monday. The stock had previously closed at $13.72, but opened at $14.64. Csquare shares last traded at $15.06, with a volume of 30,549 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CSQR shares. Scotiabank raised shares of Csquare to a “strong-buy” rating in a report on Wednesday, August 19th. Jefferies Financial Group raised shares of Csquare to a “strong-buy” rating in a report on Friday, August 14th. Wall Street Zen lowered shares of Csquare from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. Bank of America began coverage on shares of Csquare in a research report on Monday, August 10th. They set a “buy” rating and a $46.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Csquare in a report on Monday, August 10th. They issued a “neutral” rating and a $24.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Csquare presently has a consensus rating of “Moderate Buy” and an average price target of $28.44.

Csquare Stock Up 7.1%

The stock has a fifty day moving average price of $16.76.

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.