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.

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in Casa Systems in the 4th quarter valued at about $29,000. Marshall Wace North America L.P. purchased a new position in Casa Systems in the 1st quarter valued at about $75,000. Metropolitan Life Insurance Co NY purchased a new position in Casa Systems in the 3rd quarter valued at about $85,000. Squarepoint Ops LLC purchased a new position in Casa Systems in the 3rd quarter valued at about $88,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Casa Systems in the 4th quarter valued at about $92,000. 69.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: What is a stock split?

Receive News & Ratings for Casa Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casa Systems and related companies with MarketBeat.com's FREE daily email newsletter.