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

Shares of Csquare, Inc. (NYSE:CSQR) hit a new 52-week low during trading on Friday. The company 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

Several equities analysts have recently commented on CSQR shares. Scotiabank upgraded shares of Csquare to a “strong-buy” rating in a report on Wednesday, August 19th. BMO Capital Markets started coverage on Csquare in a research note on Monday, August 10th. They issued an “outperform” rating and a $26.00 price objective on the stock. Zacks Research upgraded shares of Csquare to a “hold” rating in a report on Thursday, August 20th. Royal Bank Of Canada started coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $24.00 price objective for the company. Finally, 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. Three 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 assigned a Sell rating to the company. According to data from MarketBeat, Csquare presently has a consensus rating of “Moderate Buy” and an average price target of $28.44.

Csquare Price Performance

The company’s 50-day moving average is $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.