Csquare (NYSE:CSQR) Shares Down 10.7% – Here’s Why

Csquare, Inc. (NYSE:CSQR)’s share price traded down 10.7% during mid-day trading on Thursday. The stock traded as low as $14.64 and last traded at $15.10. 1,353,743 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 1,496,366 shares. The stock had previously closed at $16.90.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Scotiabank raised shares of Csquare to a “strong-buy” rating in a report on Wednesday, August 19th. Weiss Ratings started coverage on shares of Csquare in a research report on Monday, October 12th. They issued a “sell (d)” rating for the company. TD Cowen started coverage on shares of Csquare in a research note on Monday, August 10th. They issued a “buy” rating and a $28.00 price objective for the company. Wall Street Zen downgraded shares of Csquare from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. 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 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $28.44.

Csquare Stock Down 0.1%

The company has a 50-day moving average price of $17.98.

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.