Csquare (NYSE:CSQR) Stock Price Up 6% – Should You Buy?

Csquare, Inc. (NYSE:CSQR)’s share price was up 6% during trading on Thursday. The stock traded as high as $16.77 and last traded at $16.76. Approximately 298,735 shares traded hands during trading, a decline of 80% from the average daily volume of 1,472,241 shares. The stock had previously closed at $15.81.

Wall Street Analyst Weigh In

CSQR has been the topic of a number of analyst reports. Sanford C. Bernstein initiated coverage on Csquare in a research report on Monday, August 10th. They issued an “outperform” rating and a $27.00 price target on the stock. TD Cowen began coverage on shares of Csquare in a research note on Monday, August 10th. They issued a “buy” rating and a $28.00 target price on the stock. Morgan Stanley assumed coverage on shares of Csquare in a report on Monday, August 10th. They issued an “overweight” rating and a $26.00 target price on the stock. 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 target price for the company. Finally, Royal Bank Of Canada initiated coverage on shares of Csquare in a report on Monday, August 10th. They set an “outperform” rating and a $24.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $28.44.

Csquare Price Performance

The stock’s fifty day simple moving average is $19.54.

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.