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

Csquare, Inc. (NYSE:CSQR) gapped down before the market opened on Tuesday. The stock had previously closed at $17.01, but opened at $16.12. Csquare shares last traded at $16.00, with a volume of 171,893 shares.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CSQR shares. Bank of America began coverage on Csquare in a report on Monday, August 10th. They issued a “buy” rating and a $46.00 price objective on the stock. Wall Street Zen upgraded Csquare to a “hold” rating in a research report on Saturday, July 25th. Wells Fargo & Company began coverage on Csquare in a research note on Monday, August 10th. They set an “overweight” rating and a $25.00 target price for the company. BMO Capital Markets initiated coverage on Csquare in a research report on Monday, August 10th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Csquare in a research note on Monday, August 10th. They issued an “overweight” rating and a $26.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $28.44.

Csquare Trading Down 0.1%

The stock has a 50 day moving average price of $19.76.

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.