Csquare (NYSE:CSQR) Reaches New 12-Month Low – Should You Sell?

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. 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. Scotiabank upgraded shares of Csquare to a “strong-buy” rating in a research note on Wednesday, August 19th. Morgan Stanley initiated coverage on shares of Csquare in a report on Monday, August 10th. They set an “overweight” rating and a $26.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Csquare in a report on Monday, August 10th. They set a “neutral” rating and a $24.00 price objective for the company. Finally, TD Cowen initiated coverage on shares of Csquare in a research report on Monday, August 10th. They issued a “buy” rating and a $28.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have given 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, Csquare presently has a consensus rating of “Moderate Buy” and an average target price of $28.44.

Csquare Stock Performance

The firm has a 50-day moving average price of $18.42.

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.