Csquare (NYSE:CSQR) Reaches New 1-Year Low – Should You Sell?

Csquare, Inc. (NYSE:CSQR) shares reached a new 52-week low on Monday. The company traded as low as $16.25 and last traded at $16.34, with a volume of 74234 shares. The stock had previously closed at $17.01.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Bank of America started coverage on shares of Csquare in a research note on Monday, August 10th. They issued a “buy” rating and a $46.00 price objective on the stock. Wells Fargo & Company assumed coverage on shares of Csquare in a research report on Monday, August 10th. They set an “overweight” rating and a $25.00 target price for the company. Wall Street Zen raised Csquare to a “hold” rating in a research note on Saturday, July 25th. BMO Capital Markets started coverage on Csquare in a research report on Monday, August 10th. They issued an “outperform” rating and a $26.00 price target on the stock. Finally, Scotiabank raised Csquare to a “strong-buy” rating in a research note on Wednesday, August 19th. 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 stock. Based on data from MarketBeat.com, Csquare has a consensus rating of “Buy” and a consensus target price of $28.44.

Csquare Stock Performance

The firm’s 50-day moving average is $19.84.

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.