Casa Systems (NASDAQ:CASA) Trading Up 6.4%
Casa Systems Inc (NASDAQ:CASA)’s stock price was up 6.4% during trading on Friday . The stock traded as high as $4.58 and last traded at $4.49, approximately 540,491 shares were traded during mid-day trading. A decline of 27% from the average daily volume of 735,955 shares. The stock had previously closed at $4.22.
Several equities research analysts have commented on CASA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Casa Systems in a report on Friday, November 1st. Zacks Investment Research raised shares of Casa Systems from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Wednesday, January 29th. Northland Securities raised shares of Casa Systems from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a research note on Wednesday. Finally, Barclays reissued a “hold” rating and set a $7.00 target price on shares of Casa Systems in a research note on Sunday, November 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.10.
The firm has a market capitalization of $357.95 million, a PE ratio of -44.95 and a beta of 0.63. The firm’s 50 day moving average price is $4.03 and its 200-day moving average price is $5.24. The company has a debt-to-equity ratio of 4.53, a quick ratio of 2.16 and a current ratio of 3.26.
Casa Systems Company Profile (NASDAQ:CASA)
Casa Systems, Inc provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds.
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