Csquare (NYSE:CSQR) Shares Down 10.7% – Should You Sell?

Csquare, Inc. (NYSE:CSQR) fell 10.7% during trading on Thursday. The company traded as low as $14.64 and last traded at $15.10. 1,353,743 shares traded hands during trading, a decline of 10% from the average daily volume of 1,496,366 shares. The stock had previously closed at $16.90.

Analyst Ratings Changes

Several research firms recently weighed in on CSQR. Zacks Research upgraded Csquare to a “hold” rating in a research report on Thursday, August 20th. JPMorgan Chase & Co. started coverage on shares of Csquare in a report on Monday, August 10th. They set a “neutral” rating and a $24.00 price objective on the stock. Morgan Stanley started coverage on shares of Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $26.00 target price for the company. Weiss Ratings initiated coverage on Csquare in a report on Monday, October 12th. They set a “sell (d)” rating for the company. Finally, Scotiabank upgraded shares of Csquare to a “strong-buy” rating in a report on Wednesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Csquare presently has an average rating of “Moderate Buy” and a consensus target price of $28.44.

Csquare Price Performance

The company has a 50-day moving average of $18.30.

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.