Csquare (NYSE:CSQR) Stock Falls 10.7% – Should You Sell?

Shares of Csquare, Inc. (NYSE:CSQR) were down 10.7% on Thursday. The stock traded as low as $14.64 and last traded at $15.10. 1,353,743 shares traded 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 Analysts Forecast Growth

CSQR has been the topic of several recent research reports. Jefferies Financial Group raised shares of Csquare to a “strong-buy” rating in a research report on Friday, August 14th. Bank of America started coverage on shares of Csquare in a research report on Monday, August 10th. They issued a “buy” rating and a $46.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Csquare in a research report on Monday, August 10th. They issued a “neutral” rating and a $24.00 target price for the company. Sanford C. Bernstein began coverage on shares of Csquare in a research note on Monday, August 10th. They set an “outperform” rating and a $27.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Csquare from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.44.

Csquare Stock Down 14.0%

The firm’s 50-day moving average is $18.30.

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.