BSQUARE (NASDAQ:BSQR) Stock Price Crosses Above Two Hundred Day Moving Average of $1.31

BSQUARE Co. (NASDAQ:BSQR)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.31 and traded as high as $1.88. BSQUARE shares last traded at $1.86, with a volume of 163,569 shares.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. TheStreet raised shares of BSQUARE from a “d+” rating to a “c-” rating in a report on Monday. StockNews.com started coverage on shares of BSQUARE in a research report on Tuesday, November 7th. They set a “sell” rating for the company.

BSQUARE Stock Performance

The company’s 50-day moving average is $1.50 and its 200 day moving average is $1.31. The company has a market capitalization of $36.90 million, a PE ratio of -14.31 and a beta of 1.23.

Institutional Investors Weigh In On BSQUARE

Several institutional investors and hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in BSQUARE during the first quarter worth $33,000. Millennium Management LLC acquired a new position in shares of BSQUARE during the 2nd quarter worth approximately $53,000. Renaissance Technologies LLC raised its stake in shares of BSQUARE by 16.3% during the 2nd quarter. Renaissance Technologies LLC now owns 57,000 shares of the software maker’s stock worth $74,000 after buying an additional 8,000 shares during the period. Buckingham Strategic Wealth LLC boosted its position in BSQUARE by 514.7% during the second quarter. Buckingham Strategic Wealth LLC now owns 126,668 shares of the software maker’s stock worth $165,000 after acquiring an additional 106,062 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in BSQUARE by 34.0% in the 2nd quarter. Geode Capital Management LLC now owns 141,790 shares of the software maker’s stock valued at $184,000 after purchasing an additional 35,953 shares during the last quarter. Institutional investors own 21.86% of the company’s stock.

About BSQUARE

BSQUARE Corporation develops and deploys technologies for the makers and operators of connected devices in North America, Europe, and Asia. It operates through two segments, Partner Solutions and Edge to Cloud. The company offers software that connect devices to create intelligent systems; and embedded operating system software and services for makers of connected and intelligent devices, such as point-of-sale terminals, kiosks, tablets and handheld data collection devices, smart vending machines, ATMs, essential equipment in buildings and facilities environments, digital signs, and healthcare and entertainment devices.