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

Shares of Csquare, Inc. (NYSE:CSQR) hit a new 52-week low on Monday. The company traded as low as $15.44 and last traded at $15.57, with a volume of 960,519 shares trading hands. The stock had previously closed at $16.09.

Analyst Ratings Changes

CSQR has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Csquare from a “hold” rating to a “sell” rating in a report on Saturday. 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 target for the company. Wells Fargo & Company initiated coverage on shares of Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $25.00 price target on the stock. Jefferies Financial Group raised shares of Csquare to a “strong-buy” rating in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. began coverage on shares of Csquare in a research note on Monday, August 10th. They set a “neutral” rating and a $24.00 price objective for the company. Three 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 assigned a Sell rating to the stock. According to MarketBeat.com, Csquare has a consensus rating of “Moderate Buy” and an average price target of $28.44.

Csquare Stock Down 3.6%

The company’s fifty day simple moving average is $18.64.

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.