Csquare (NYSE:CSQR) Reaches New 52-Week Low – Here’s Why

Csquare, Inc. (NYSE:CSQR)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $19.37 and last traded at $19.42, with a volume of 384897 shares. The stock had previously closed at $20.06.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CSQR. Zacks Research upgraded shares of Csquare to a “hold” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. started coverage on Csquare in a research report on Monday, August 10th. They set a “neutral” rating and a $24.00 price target on the stock. Morgan Stanley started coverage on Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $26.00 price objective for the company. Bank of America assumed coverage on Csquare in a research report on Monday, August 10th. They issued a “buy” rating and a $46.00 price target on the stock. Finally, Sanford C. Bernstein started coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $27.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Csquare presently has an average rating of “Buy” and an average target price of $28.44.

Csquare Stock Down 3.8%

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.