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

Csquare, Inc. (NYSE:CSQR) reached a new 52-week low on Friday. The stock traded as low as $13.80 and last traded at $13.80, with a volume of 290,790 shares traded. The stock had previously closed at $14.95.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CSQR. TD Cowen began coverage on shares of Csquare in a research note on Monday, August 10th. They set a “buy” rating and a $28.00 price objective for the company. Weiss Ratings started coverage on shares of Csquare in a research report on Monday, October 12th. They set a “sell (d)” rating on the stock. Morgan Stanley began coverage on Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $26.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Csquare in a report on Monday, August 10th. They set a “neutral” rating and a $24.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $26.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.44.

Csquare Trading Down 14.2%

The stock has a 50-day moving average of $17.52.

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.