Csquare (NYSE:CSQR) Trading Up 4.4% – Here’s Why

Csquare, Inc. (NYSE:CSQR) shares shot up 4.4% during trading on Tuesday . The stock traded as high as $18.14 and last traded at $18.08. 451,624 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 1,232,749 shares. The stock had previously closed at $17.31.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CSQR shares. Wells Fargo & Company initiated coverage on shares of Csquare in a report on Monday, August 10th. They set an “overweight” rating and a $25.00 price target for the company. Scotiabank raised Csquare to a “strong-buy” rating in a research report on Wednesday, August 19th. Morgan Stanley started coverage on Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $26.00 target price on the stock. Zacks Research upgraded Csquare to a “hold” rating in a report on Thursday, August 20th. Finally, Jefferies Financial Group upgraded shares of Csquare to a “strong-buy” rating in a research note on Friday, August 14th. Three 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. According to MarketBeat, Csquare has a consensus rating of “Buy” and a consensus price target of $28.44.

Csquare Stock Up 4.4%

The stock has a 50-day simple moving average of $20.27.

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.