Csquare (NYSE:CSQR) Hits New 52-Week Low – What’s Next?

Csquare, Inc. (NYSE:CSQR)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $19.37 and last traded at $19.42, with a volume of 384897 shares changing hands. The stock had previously closed at $20.06.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CSQR shares. JPMorgan Chase & Co. initiated coverage on shares of Csquare in a research report on Monday, August 10th. They set a “neutral” rating and a $24.00 price target for the company. Zacks Research raised shares of Csquare to a “hold” rating in a research note on Thursday, August 20th. Jefferies Financial Group upgraded Csquare to a “strong-buy” rating in a report on Friday, August 14th. TD Cowen began coverage on Csquare in a report on Monday, August 10th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Scotiabank upgraded Csquare to a “strong-buy” rating in a research report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Csquare presently has an average rating of “Buy” and an average price target of $28.44.

Csquare Trading Down 3.8%

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.