StockNews.com Initiates Coverage on BSQUARE (NASDAQ:BSQR)

Stock analysts at StockNews.com started coverage on shares of BSQUARE (NASDAQ:BSQR – Get Rating) in a research note issued on Tuesday. The brokerage set a “sell” rating on the software maker’s stock.

BSQUARE Stock Performance

Shares of BSQUARE stock opened at $1.17 on Tuesday. The company has a fifty day simple moving average of $1.11 and a 200-day simple moving average of $1.15. BSQUARE has a 12-month low of $1.00 and a 12-month high of $1.50. The stock has a market cap of $23.38 million, a price-to-earnings ratio of -8.36 and a beta of 1.27.

BSQUARE (NASDAQ:BSQR – Get Rating) last issued its earnings results on Tuesday, March 7th. The software maker reported ($0.05) earnings per share (EPS) for the quarter. BSQUARE had a negative net margin of 8.71% and a negative return on equity of 7.84%. The company had revenue of $7.96 million during the quarter.

Institutional Trading of BSQUARE

A hedge fund recently bought a new stake in BSQUARE stock. Millennium Management LLC bought a new position in BSQUARE Co. (NASDAQ:BSQR – Get Rating) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 42,098 shares of the software maker’s stock, valued at approximately $53,000. Millennium Management LLC owned 0.21% of BSQUARE as of its most recent filing with the Securities and Exchange Commission. 12.37% of the stock is owned by institutional investors.

About BSQUARE

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BSQUARE Corp. engages in the provision of computer software and services. The firm designs, configures, and deploys technologies for manufacturers and operators of connected devices. It operates through the Partner Solutions and Edge to Cloud segments. The Partner Solutions segment includes the embedded operating system and software services.