Csquare (NYSE:CSQR) Hits New 52-Week Low – Time to Sell?

Csquare, Inc. (NYSE:CSQR)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $17.71 and last traded at $17.71, with a volume of 67118 shares trading hands. The stock had previously closed at $17.96.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CSQR. BMO Capital Markets initiated coverage on shares of Csquare in a report on Monday, August 10th. They set an “outperform” rating and a $26.00 price target for the company. Wells Fargo & Company started coverage on shares of Csquare in a research report on Monday, August 10th. They set an “overweight” rating and a $25.00 target price on the stock. Scotiabank raised shares of Csquare to a “strong-buy” rating in a research note on Wednesday, August 19th. Sanford C. Bernstein initiated coverage on Csquare in a research note on Monday, August 10th. They set an “outperform” rating and a $27.00 price target on the stock. Finally, Jefferies Financial Group upgraded Csquare to a “strong-buy” rating in a report on Friday, August 14th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $28.44.

Csquare Trading Down 4.9%

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.